Industry insiders: More than a dozen brokerages have held intensive phone calls recently to focus on "stablecoins"

According to Door Finance, from May 29th to May 30th, more than a dozen brokerages, including CITIC Securities, Cathay Haitong, China Merchants Securities, Guojin Securities, Soochow Securities, Western Securities, and Guosheng Securities, held 13 roadshow meetings with the keyword "stablecoin". In the next few days, CICC, GF Securities and other brokerages will also hold stablecoin-related conference calls. The industry believes that the reason why stablecoins have quickly emerged in the market is closely related to multiple catalysts:
1. Recently, the Legislative Council of the Hong Kong Special Administrative Region passed the Stablecoin Bill (hereinafter referred to as the "Bill"), marking that Hong Kong has become the first jurisdiction in the world to establish a comprehensive regulatory framework for fiat currency stablecoins.
2. Circle Internet Group, the issuer of the world's second largest stablecoin USDC, recently announced the terms of its IPO. The company plans to list on the New York Stock Exchange and raise up to $624 million.
3. Recently, the US "GENIUS Act" (the "Guiding and Establishing American Stablecoins National Innovation Act") made important progress in the Senate. Once the bill passes, it may promote the growth of institutional investment in stablecoins.