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Stablecoin Stocks Continue Their Rally! Experts Predict Further Market Expansion

Source Tradingkey

TradingKey – Stablecoin-related stocks are maintaining their upward momentum, with experts forecasting continued market growth.

On Tuesday, June 17, stablecoin concept stocks remained in high demand, driving further price surges. In the A-share market, Chuangshi Technology soared 20%, hitting its daily limit, while Hengbao Co. jumped 10%, followed by gains in Sifang Jingchuang, Guangzhou Radio & Television, and Jingbei Fang.

According to BitMEX co-founder Arthur Hayes, the stablecoin market is set to expand further. Hayes remarked,“With Circle’s IPO success, the stablecoin bubble will continue to inflate.” He also emphasized that distribution channels are key to stablecoin success, noting that USDT relies on Bitfinex, while Circle depends on Coinbase (COIN).

In the previous trading session, Circle (CRCL) surged over 13%, once again setting a new all-time high. Since its IPO debut, Circle’s stock has maintained an upward trajectory, accumulating over 140% in gains.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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