The stablecoin concept witnessed a partial rebound during the trading session, capturing the market's attention. Notably, Hengsheng Electronics hit its daily limit, while SDIC Intelligence surged by over 10%, and Eastcompeace climbed more than 5%, continuing to set new highs. Additionally, stocks such as China Oil Capital, GF Securities, and Tuersi also experienced significant gains. According to Minsheng Securities' analysis, with the "Stablecoin Regulation" officially set to take effect on August 1, 2025, major technology firms like Ant Group and JD.com, leveraging their extensive blockchain technology expertise and internal circulation application advantages, are anticipated to be among the first enterprises to secure stablecoin licenses approved by the Hong Kong Monetary Authority. This milestone is poised to bolster these companies' development of substantial stablecoin and related industrial chains, thereby further accelerating the advancement of financial technology.