A-share stablecoin concept stocks frequently trigger limit-up surges; experts warn against blindly following the hype.

On June 26, according to the Securities Times, stablecoin concept stocks have been continuously strengthening recently, with many individual stocks hitting consecutive daily limits. Several listed companies have responded to the stablecoin layout. Cloudwalk Technology stated that its liveness detection technology can be applied to stablecoin wallet security; Kingsoft Northern stated that it has technology accumulation in blockchain, privacy computing, and other fields; Forms Syntron Information is exploring stablecoin scenario application development with overseas institutions. Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, recently published an article stating that stablecoins are not investment or speculative tools, but rather payment tools that use blockchain technology and have no room for appreciation in themselves. Experts remind investors to view stablecoins rationally and avoid following the trend of speculation. Wang Pengbo, chief analyst of the financial industry at Botong Consulting, pointed out that although stablecoins have advantages in specific fields such as cross-border payments, they cannot replace the existing payment system and are more like a supplement to the existing system. [Shenchao TechFlow]