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Investor But Zhen Builds Position in Circle, USDC Stablecoin Hits $79B on May 5

GateNews
USDC news
USDC0.03%
According to But Zhen, chairman of Orient Securities, he established a position in Circle Internet Group (CRCL.US) on May 5 following analyst recommendation. The investor cited the U.S. CLARITY Act's anticipated progress as a key catalyst, noting that the legislation could address regulatory uncertainty and support stablecoin leaders like Circle. Circle's USDC stablecoin has reached an all-time high of $79 billion in circulation.
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