Summary
- BlockBeats reported that stablecoin-related stocks are surging worldwide.
- It stated that stablecoin-related stocks like Hengbao, Sifang Jingchuang, Anyi, and Lakara soared on China’s A-shares market.
- The share price of the U.S.-based Circle Internet Group is up about 675% from its IPO price.
Recently, stablecoin-related stocks (virtual assets pegged to fiat currency) have been surging across global stock markets.
According to BlockBeats on the 23rd (KST), stablecoin-related stock themes saw sharp gains on China’s A-shares market this day. Hengbao hit the daily upper limit during trading, and other stablecoin-related stocks like Sifang Jingchuang (+17.27%), Anyi (+9.97%), and Lakara (+14.85%) also soared.
Stablecoin-related stocks were also strong in the Korean market this day, notably KakaoPay (+13.69%), ITCEN Global (+5.54%), and Samsung SDS (+10.17%). Domestically, these related stocks have been climbing day after day, fueled by expectations that the Lee Jae-myung administration will push for the introduction of a won-based stablecoin.
In the United States, the leading stablecoin stock, Circle Internet Group (USDC issuer), closed at $240.28 on the New York Stock Exchange on the 20th, up 20.39% from the previous session. This is about a 675% increase from its IPO price of $31 on the 5th.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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