Minsheng Securities: Stablecoins are expected to assist traditional financial assets in "on chain" trading

According to Interface News, Minsheng Securities pointed out that in the short term, cross-border payment scenarios are expected to become important scenarios for the landing and application of stablecoins. Stablecoins are expected to help improve cross-border payment efficiency and reduce cross-border payment costs. Financial technology targets related to cross-border payments are expected to continue to benefit, and it is recommended to focus on LianLian Digital. In the long run, stablecoins are expected to promote virtual asset trading, RWA, and STO. Stablecoins are expected to assist traditional financial assets in "on chain" trading. Chinese securities firms are accelerating their layout, such as Guotai Junan International upgrading its virtual asset trading license, and Guangfa Securities (Hong Kong) fully integrating HashKey Chain as the core on chain issuance network and issuing the first daily redeemable tokenized security "GF Token". Top securities firms and exchange targets are expected to benefit more from the development of stablecoins.