Hong Kong's "Stablecoin Ordinance" has been officially enacted and is set to take effect on August 1, 2025, propelling stocks associated with stablecoins into the spotlight of the market. Last week, several of these stocks saw significant fluctuations following a surge in prices. Similarly, in the U.S. stock market, Circle, often referred to as the "pioneer stablecoin stock," has garnered considerable attention since its listing. The performance of stablecoin-related stocks in both Hong Kong and the U.S. has garnered substantial interest. Nonetheless, several investment institutions have cautioned that despite the promising outlook for the stablecoin industry, it is still in its nascent stages of development, and the ability of related enterprises to deliver strong performance in the short term remains limited. As such, investors are advised to maintain a rational approach.