Duan Yongping has attracted attention in the crypto market after his investment firm, H&H International Investment, disclosed a new stake in Circle Internet Group.
According to portfolio filings, H&H International purchased 200,000 Circle shares during the first quarter of 2026. The position was valued at around $19.08 million, with an average purchase price of $95.41 per share.
Even though the investment gained attention, it remains a relatively small part of the firm’s overall holdings. The Circle stake represented roughly 0.10% of H&H International’s reported $20 billion portfolio as of March 31, 2026.
The company’s biggest investments continue to include major names such as Apple, Berkshire Hathaway, NVIDIA, PDD Holdings, and Tesla.
Circle is best known as the issuer of USD Coin, commonly known as USDC, one of the world’s largest dollar-backed stablecoins. USDC is widely used for crypto trading, payments, and digital settlement services, and Circle says the token is fully redeemable 1:1 with the U.S. dollar.
Analysts say the investment does not necessarily signal a major crypto bet by Duan Yongping. Instead, the relatively small position suggests measured exposure to stablecoin infrastructure through a publicly listed company.
Circle shares have experienced sharp price swings this year. The stock recently gained more than 15% after the company reported stronger financial results driven by rising USDC circulation, which reportedly climbed 72% year-over-year to more than $75 billion.
However, the company has also faced pressure from regulation concerns. Circle shares previously fell around 22% after discussions around a tougher version of the CLARITY Act raised concerns about possible restrictions on stablecoin rewards and yield products.
Circle remains one of the most closely watched companies in the stablecoin sector. Recent reports showed the company generated around $694 million in first-quarter revenue while USDC circulation reached nearly $77 billion. Circle has also expanded its payment and settlement infrastructure through partnerships involving crypto firms, fintech companies, and financial institutions.
Because of Duan Yongping’s reputation as a long-term and value-focused investor, even a relatively small investment in Circle has drawn significant market attention.
