Circle President Responds to Stock Price Plunge from $260 to $62 On July 14, 2026, in an interview with FOX Business, Circle President Heath Tarbert addressed concerns about the company's stock price dropping from $260 to $62. He stated that the company is focused on long-term growth and believes that if they can achieve their mission of building a full-stack internet platform infrastructure, the stock price will reflect that in the long run. In the face of new competition from the Open USD Alliance, which consists of 140 companies including Visa, Stripe, Mastercard, and Google, Heath Tarbert emphasized that USDC, as a stablecoin natively supported on 34 blockchains, has a network effect built on its $73 billion circulation that is incredibly difficult to replicate. When responding to differences in market position with Tether, he noted that USDC is the world's largest regulated stablecoin and boasts the highest actual transaction volume. Source: FOX Business