China's Buffett Duan Yongping Opens $19M Position in Circle — Reversing His Stablecoin Stance

Duan Yongping, the prominent Chinese investor widely known as 'China's Buffett,' disclosed a first-time stake in Circle Internet Group (CRCL) in his Q1 2026 SEC 13F filing. He bought 200,000 shares at an average cost of roughly $95.41 per share, putting approximately $19.08 million to work — about 0.095% of his estimated $20 billion portfolio.

The position is watch-list sized rather than a high-conviction bet, but the symbolism carries weight. As recently as July 2025, Duan publicly stated he had no interest in stablecoins — making this purchase a notable reversal just nine months later. For a value investor of his profile to quietly initiate a stake in the leading regulated stablecoin issuer signals that the USDC narrative is reaching a new class of traditional-finance skeptics.

Circle has been positioning itself aggressively ahead of anticipated US stablecoin legislation, and…