H&H International Investment, the firm associated with renowned Chinese investor Duan Yongping, has made a notable entry into the stablecoin sector by acquiring shares in Circle Internet Group. The move, revealed in a first-quarter 2026 securities filing, highlights a growing intersection between traditional value investing and digital finance.
According to regulatory data, H&H International purchased 200,000 shares of Circle, valued at approximately $19.08 million based on an average price of $95.41 per share. This allocation represents a modest 0.10% of the firm’s overall 13F portfolio, which totals nearly $20 billion as of March 31. While the position is small, it signals Duan’s willingness to explore exposure to stablecoin infrastructure through a publicly traded entity.
Circle is best known for issuing USDC, a leading dollar-backed stablecoin used extensively for digital payments, trading, and blockchain settlements. The company has reported robust growth this year, with USDC circulation soaring 72% year-over-year to surpass $75.3 billion, driving a 15% surge in Circle’s stock price following an earnings release. However, the stock has also faced volatility, including a 22% decline after the introduction of a stringent US stablecoin bill that could limit yield offerings.
Beyond Duan’s move, the stablecoin ecosystem continues to expand. Circle’s first-quarter revenue hit $694 million, while USDC reached a circulation of $77 billion. The firm also raised $222 million for its Arc blockchain project at a $3 billion valuation. Broader adoption is evident as Meta integrates USDC for creator payouts via Solana and Polygon, and payments firm Nium adds USDC settlement options through Coinbase.
Duan Yongping, often compared to Warren Buffett for his long-term, value-oriented approach, commands attention with his investment decisions. While this stake is minor compared to his holdings in Apple, Berkshire Hathaway, Nvidia, PDD Holdings, and Tesla, it underscores a measured but strategic bet on the future of digital currency infrastructure.