Duan Yongping, often called 'China's Warren Buffett,' has taken a small stake in stablecoin issuer Circle Internet Group. H&H International Investment reported buying 200,000 Circle shares in Q1 2026 at an average price of $95.41, worth roughly $19.08 million. According to Dataroma data, the position accounts for just 0.10% of H&H International's total 13F portfolio, which stood at about $20 billion as of March 31, 2026.
Circle Position in Context
H&H's largest holdings include Apple, Berkshire Hathaway, Nvidia, PDD Holdings, and Tesla. Duan, known for his long-term value investing style, rarely touches crypto-related equities. This tiny stake appears to be a measured bet on stablecoin infrastructure rather than a shift into digital assets. The size suggests he is keeping exposure minimal while watching the space.
Circle, the issuer of USDC, reported $694 million in Q1 revenue and USDC circulation of $77 billion — a 72% year-over-year surge. Its shares (CRCL) rallied more than 15% after the earnings release. However, a tougher draft of the CLARITY Act, which could restrict stablecoin yields and rewards, sent the stock down about 22% at one point.
Stablecoin Infrastructure Gains Traction
Circle's recent moves include raising $222 million for its Arc blockchain at a $3 billion valuation, Meta adopting USDC for creator payouts, Nium adding USDC payments via Coinbase, and Circle launching managed settlement tools for banks and fintechs. These developments highlight stablecoins' transition from trading tools to payment rails.
Regulatory attention is intensifying globally. South Carolina recently barred state agencies from participating in CBDC programs, while Japan's central bank and South Korea's financial regulator are advancing stablecoin rules. Duan Yongping's Circle buy, though tiny, may signal that value-oriented investors are starting to nibble at the stablecoin ecosystem.