Goldstream Investment (01328.HK) experienced a staggering surge of 552.26% in intraday trading, as the company announced a strategic move into the Web3 and stablecoin space. This remarkable rally comes amid a broader uptrend in Hong Kong's stablecoin concept stocks.

The catalyst for Goldstream's explosive growth was the announcement of a non-binding strategic cooperation memorandum with AnchorX, a stablecoin issuer. This partnership aims to explore opportunities in cross-border payments, stablecoin applications, digital asset trading and management, and blockchain technology investments. The move is seen as a significant step for Goldstream to diversify its investment portfolio and bridge the gap between traditional finance and the high-growth Web3 and crypto markets.

Goldstream's dramatic rise is part of a larger trend in the Hong Kong stock market, where stablecoin-related concepts are gaining traction. Other companies in the sector, such as Guotai Junan International and Dmall, also saw significant gains, underlining investor enthusiasm for blockchain and digital asset-related stocks in the region.