Circle Stock Drops from $260 to $62; CEO Emphasizes Long-Term Vision, Highlights USDC's $73B Liquidity

CRCL8.14%

According to Odaily, Circle President Heath Tarbert responded this week to the company's stock decline from $260 to $62, emphasizing that the company remains focused on long-term development and executing its mission to build internet infrastructure.

Tarbert highlighted that USDC, which natively supports 34 blockchains, has accumulated $73 billion in circulation with network effects that would be difficult to replicate. He also noted that USDC is the world's largest regulated stablecoin with the highest actual trading volume.

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