Is a new trend coming? More than ten securities firms hold intensive meetings focusing on 'stablecoins'

Almost overnight, 'stablecoins' suddenly became popular. According to a report by Jinmen Finance, in just two days from May 29th to 30th, there were as many as ten securities firms holding phone conferences with the keyword "stablecoin", involving more than ten securities firms in the industry. In recent days, several "stablecoin" concept stocks have shown strong performance one after another. The reporter noticed that behind this trend is the fermentation of relevant policies. Recently, the Legislative Council of the Hong Kong Special Administrative Region passed the "Stablecoins Bill" (hereinafter referred to as the "Bill"). The passage of this draft has recently attracted the attention of securities firms regarding its impact and opportunities on various sectors and participants in the "stablecoin" industry. Although the prospects for the application of "stablecoins" are promising, some market participants believe that the recent hot topics in the secondary market have been fluctuating rapidly, and the "stablecoin" sector was not strong on May 30th, indicating market divergence. The sustainability of the market should be observed in the future. According to the observation of reporters, there is currently a significant lack of in-depth research on "stablecoins" by domestic securities firms, and mainstream institutions still have a certain level of understanding of "stablecoins". In the short term, the market may still be in the stage of conceptual speculation. (Every time)