Woofun AI reports that Circle shares declined from $260 to $62, prompting President Heath Tarbert to reaffirm the company’s commitment to long-term development. Tarbert stated that if Circle fulfills its mission of building full-stack internet platform infrastructure, the stock price will eventually reflect that underlying value.

Regarding competition from the Open USD Alliance, Tarbert highlighted USDC’s network effect, noting its presence on 34 blockchains and a circulating supply of $73 billion. He described this position as difficult to replicate and distinguished USDC as the world’s largest regulated stablecoin with the highest real transaction volume compared to Tether.