Circle's stock price fell from $260 to $62, Heath Tarbert says the company is focused on long-term development

Odaily Planet Daily News: In an interview this week, Circle President Heath Tarbert responded to questions about the stock price falling from $260 to $62, stating that the company is focused on long-term development. If it can fulfill its mission of building a full-stack internet platform infrastructure, the stock price will speak for itself in the long run. Facing new competition from the Open USD Alliance, which comprises 140 companies including Visa, Stripe, Mastercard, and Google, Heath Tarbert said that USDC, as a stablecoin natively supporting 34 blockchains, has accumulated network effects with a circulation of $73 billion that are extremely difficult to replicate. Regarding the difference in market position compared to Tether, he stated that USDC is the world's largest regulated stablecoin and has the highest actual transaction volume.