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Circle’s president responds to the stock price plunge of about 76%: carry out long-term plans like Arc well, and the stock price will naturally take care of itself

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Mars Finance news: On July 19, Circle CEO Heath Tarbert recently admitted in an interview with Fox Business Channel that the company’s share price has fallen from about $260 in June last year to about $62, a cumulative drop of about 76%. In response, he said that if the company can execute its long-term plans, including the Arc blockchain infrastructure project, “the stock price will naturally take care of itself,” and emphasized that “Circle is in it for the long haul.” However, analysts are becoming cautious about Circle’s prospects. Mizuho downgraded its rating for CRCL from “Neutral” to “Underperform,” and significantly cut its target price from $85 to $50, implying about 21% downside potential. Mizuho noted that even if interest rates remain high in 2027, it would be insufficient to offset the erosion of profits from price cuts and intensifying competition. Retail investor sentiment on Stocktwits remains in the “bullish” range, but discussion activity continues to stay elevated. Regarding the emerging stablecoin Open USD, which is supported by about 140 companies, plans to return reserve earnings to partners, and exempts minting fees, Tarbert said that Circle welcomes competition; rival coalition models are extremely difficult to sustain long term, and USDC remains far ahead of the world’s best, with its core moat coming from advantages including a current circulating supply of about $73 billion and native support for 34 blockchains. Meanwhile, Circle is actively expanding its global payments footprint, having signed a memorandum of understanding with Japan’s JCB to explore use cases for USDC in merchant payments and cross-border treasury management, including letting overseas tourists use stablecoins for offline payments within Japan.
CRCL8.19%
ARC-4.44%
USDC-0.02%
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