Hong Kong Crypto Stock Boom Ignited by USDT and Stablecoin Surge

On July 1st, the US stock market witnessed a surge in “Altcoin Season” initiated by Circle, which subsequently influenced securities firms such as Guotai Junan Securities and Tianfeng Securities to experience a significant rally fueled by crypto concepts. This momentum has driven investor interest, particularly through channels like Hong Kong Stock Connect, as market participants seek to capitalize on the ongoing Hong Kong crypto stock boom. The rally unfolded in three distinct phases: beginning with the rise of “Circle concept stocks,” progressing to “stablecoin concept stocks,” and culminating in a broad surge among securities firms embracing crypto-related themes.

The introduction of Hong Kong’s Stablecoin Regulations has been a pivotal factor in amplifying the performance of digital currency-related equities within the Hong Kong stock market. Companies such as Lianxin Digital and Yika have posted remarkable gains, reflecting growing investor confidence. Additionally, major technology players including JD.com and Ant Group have publicly declared their ventures into the stablecoin sector, further intensifying market activity and reinforcing the sector’s growth trajectory.

For investors aiming to engage in this burgeoning market, platforms like BiyaPay provide streamlined USDT trading services for both US and Hong Kong stocks. BiyaPay facilitates seamless and immediate access to global stock markets without the need for offshore account applications, enhancing liquidity and accessibility for participants eager to benefit from the expanding crypto stock landscape.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.