The concept of stablecoins shows signs of partial recovery, Zhengyuan Zhihui rises over 10%
The concept of stablecoins saw a partial rebound during the trading session, with Zhengyuan Zhihui rising over 10%, NORTHKING TECH. and Philisense rising over 7%, and companies like Hengbao Co., Dongxin He Ping, Sifang Jingchuang, and Xiexin Nengke also experiencing gains. On the news front, on July 2nd, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, announced that the Hong Kong Monetary Authority will start accepting applications for stablecoin licenses from August 1st to ensure monetary and financial stability and to consolidate Hong Kong's status as an international financial center
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