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Circle President says company is focused long term after stock falls from $260 to $62

Circle President says company is focused long term after stock falls from $260 to $62

Heath Tarbert said Circle is taking a long-term view as Open USD and new revenue-sharing models add pressure to stablecoin margins, even as the company expands its regulated infrastructure.

USDC
HYPE

Fact Check
The claim is corroborated by multiple independent sources. The Stocktwits primary report confirms CRCL fell ~76% from a post-IPO high of ~$260 to ~$62 and that Tarbert said Circle is 'playing the long game' focused on long-term growth. crypto.news ('Circle president backs USDC as new rival pressures CRCL stock') and BlockBeats independently confirm the same stock decline, the long-term framing, and that Open USD—with reserve-earning revenue sharing and zero-fee minting—is the source of margin pressure. The Wu Blockchain X post ties the comments to a July 14, 2026 FOX Business interview. All elements of the claim are supported.
Summary

Circle President Heath Tarbert said the company is focused on the “long game” after its shares fell sharply from a post-IPO peak near $260 toward the low $60 range. Speaking to FOX Business on July 14, Tarbert said Circle is building a full-stack internet financial platform around USDC and argued that successful execution, rather than short-term stock moves, should ultimately drive shareholder value. He defended USDC’s position by citing roughly $73 billion in circulation and native support across 34 blockchains, calling those network effects difficult for new rivals to replicate. The comments came as Open Standard launched Open USD with backing from more than 140 participating businesses including Visa, Mastercard, Stripe, BlackRock, BNY and Coinbase, offering fee-free minting and redemption and reserve earnings after a management charge. Circle is also facing pressure over stablecoin economics after Mizuho cut its price target to $50 and JPMorgan lowered earnings forecasts for Circle and Coinbase following a new USDC revenue-sharing agreement tied to Hyperliquid balances. Even as investors question competition, margins and future reserve income, Circle has continued to expand its regulated footprint, including receiving final OCC approval on July 10 to establish Circle National Trust.

Terms & Concepts
  • stablecoin: A digital token designed to hold a steady value, often by being pegged to a fiat currency such as the U.S. dollar.
  • network effects: Competitive advantages that grow as more users, partners or platforms adopt a product, making it harder for rivals to catch up.
  • reserve earnings: Income generated from the assets backing a stablecoin, which can be shared among issuers, distributors or partners.