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Circle President Heath Tarbert has defended the company\u2019s long-term strategy after Circle shares fell sharply from their post-IPO peak.<\/p>\n
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Speaking in a July 14 interview<\/a> with FOX Business, Tarbert said management remains focused on building financial infrastructure rather than reacting to short-term moves in the stock.<\/p>\n The interview came as Circle faced growing investor concern over competition in the stablecoin market. CRCL had traded near $260 after its public debut before falling toward the low $60 range. Tarbert said Circle is \u201cplaying the long game\u201d and argued that successful execution would eventually support shareholder value.<\/p>\n <\/p>\n Tarbert said Circle\u2019s main focus remains building a full-stack internet financial platform around USDC and related infrastructure. He argued that the company\u2019s position cannot be measured only through daily stock movements and said the stock should \u201ctake care of itself\u201d if Circle delivers on its wider mission.<\/p>\n He also defended USDC against new competitors. Tarbert pointed to roughly $73 billion in circulation and native support across 34 blockchains, saying those network effects would be \u201cincredibly hard to replicate.\u201d Circle describes USDC as a regulated digital dollar used across trading, payments and settlement.<\/p>\nTarbert points to USDC network effects<\/strong><\/h2>\n
Open USD adds new pressure to Circle<\/strong><\/h2>\n