In a week, 16 brokerage firms released 24 reports on stablecoins, with A-share concept stocks rising by as much as 66% this month.

[Chain News] PANews reported on June 23 that, according to incomplete statistics, in just the past week (from June 15 to June 21), at least 16 brokerages published 24 research reports comprehensively studying stablecoins, covering multiple industry perspectives including macro, computer science, media internet, finance, and Blockchain. Notably, some brokerages have launched special topics and in-depth research on stablecoins, such as Guojin Securities, Zhongtai Securities, Dongwu Securities, and Tianfeng Securities, which have all introduced special topics or in-depth studies on stablecoins. Multiple research teams from CITIC Securities, including macro, overseas, banking, and non-bank sectors, have conducted in-depth research from various industry perspectives.

From the stock price performance, some A-share stablecoin concept stocks have shown impressive gains since June. As of the market close on June 20, Hengbao Co., Ltd. has risen about 66% this month, Chutianlong has increased by 65%, Sifang Jingchuang has risen about 60%, and Xiongdi Technology has increased by about 23%. However, recently, some concept stocks have seen their prices adjust from previous highs. The reporter noted that multiple stablecoin concept stocks have recently been heavily investigated by institutions, which mainly focus on the development prospects of stablecoins, as well as the related technologies and application scenarios of the listed companies.