Stablecoins have surged back into the capital market spotlight, with 22 securities firms publishing 43 research reports in just one week and hosting 57 roadshows and conference calls since June. This frenzy reflects growing institutional interest driven by accelerating global legislation and corporate adoption. Investors are advised to strategically position themselves across Hong Kong and A-share markets to capitalize on this transformative financial infrastructure.
Market Overview: The Stablecoin Research Boom
The recent stablecoin hype has ignited a firestorm of analyst activity:
- 22 securities firms released 43 in-depth reports, covering blockchain, cross-border payments, RWA (Real World Assets), and international monetary systems.
- 57 industry events (roadshows/webinars) were held in June alone, marking the highest engagement level for fintech topics in 2024.
Key catalysts include:
✅ Hong Kong’s Stablecoin Ordinance enactment
✅ Ant Group’s expansion into stablecoin licensing
✅ Circle’s Nasdaq debut (shares soared 675%)
Table: Major Stablecoin Research Themes
| Focus Area | Key Insights | Top Analysts |
|--------------------------|---------------------------------------|-----------------------|
| Cross-border Payments | 10-second settlements vs. SWIFT’s 3 days | CICC, Huatai |
| Financial Infrastructure | Transition from crypto tool to systemic layer | CITIC, CCB |
| Global Currency Role | Potential to reshape USD dominance | Goldman Sachs, UBS |
Why Stablecoins Are Gaining Institutional Traction?
Legislative Milestones
- Hong Kong: The Stablecoin Ordinance took effect May 30, with JD Coin’s HKD-pegged stablecoin achieving 10-second跨境 settlements.
- U.S.: The GENIUS Act passed Senate vote June 17, potentially streamlining compliant USD-pegged stablecoins.
👉 Discover how stablecoins are redefining global payments
Corporate Adoption Surge
- Tech Giants: Ant Group (applying for HK license), Amazon, and Walmart exploring proprietary stablecoins.
- Financial Institutions: Circle’s $53B market cap post-IPO demonstrates investor confidence.
Strategic Investment Frameworks
For Hong Kong Market: Policy-Driven Advantages
- Licensed Issuers: JD Group, Standard Chartered
- Payment Enablers: OSL Group, Lianlian Pay
- Blockchain Services: ZA Bank, Hundsun Tech
For A-Shares: Scarcity & Tech Plays
- Focus on RWA tokenization pioneers and blockchain-as-a-service providers.
- Monitor PBOC’s CBDC developments for spillover effects.
FAQ: Addressing Investor Queries
Q: Are stablecoins replacing traditional currencies?
A: Not in the short term—they’re bridging fiat and crypto systems while optimizing特定 transactions.
Q: What risks should investors consider?
A: Regulatory shifts (e.g., U.S. bills) and reserve transparency issues may cause volatility.
Q: Which sectors benefit most from stablecoin adoption?
A: Cross-border e-commerce, remittance services, and asset tokenization platforms.
👉 Explore stablecoin’s role in Web3 evolution
Long-Term Outlook
With projections reaching $1.6T市值 by 2030 (JPMorgan), stablecoins could redefine:
- International trade settlements
- Institutional-grade RWAs
- Decentralized finance (DeFi) liquidity
Key Takeaway: Position portfolios for合规化 growth while monitoring PBOC and SEC policy cues.