CZ denies raising funds to build a BNB treasury reserve company, and Hong Kong stablecoin-related concept stocks shine

Binance founder CZ denies participating in fundraising to create a BNB treasury reserve company.

A community member said today: CZ participated in a listed company and held 28% of the shares himself. MicroStrategy, which raised funds to create BNB, closed the seed round last weekend, but did not disclose which company it was.

As the Hong Kong "Stablecoin Ordinance" will officially take effect on August 1, the issuance of stablecoins has entered the "countdown" stage, and the market's attention to this field continues to rise.

Against this background, stablecoin concept stocks in the Hong Kong and A-share markets have recently shined, not only have many stocks with amazing gains emerged, but there are even "10x bull stocks". Brokerage analysts believe that the regulatory framework for stablecoins has become clearer, and compliance will become the core booster for the development of the stablecoin industry. The development of stablecoins is expected to inject new impetus into the internationalization of the RMB, and the popularity of related sectors may continue.