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

GateNews
StocksCapital FlowUSDC news

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.

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