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Investor Dan Bu Builds Position in Circle as USDC Hits $79B on May 5

Stocks Capital Flow USDC news

2026-05-09 05:35:20

According to Gelonghui, investor Dan Bu announced on May 5 that he established a position in Circle Internet Group (CRCL.US) following recommendations from his research team. Bu attributed the investment partly to the U.S. CLARITY Act's anticipated regulatory progress, which could help resolve industry uncertainty and expand opportunities for compliant stablecoin leaders like Circle. Circle's USDC stablecoin has surpassed $79 billion in circulation, reaching an all-time high, with the company's 2026 first-quarter profitability outlook now clear as reserve asset interest income grows.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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