Circle's president responded that the stock price dropped from $260 to $62

On July 120, this week, in an interview with FOX Business, the Managing Director of Circle Heath Tarbert responded to a question about a sharp drop in stock prices from $260 to $62. He said that the company was looking at long-term development and that stock prices would provide answers in the long term if the mission of building the infrastructure of the entire Internet platform were to be realized. Faced with the new competition brought about by the Open USD coalition of 140 companies, including Visa, Stripe, Mastercard and Google, Heath Tarbert argued that USDC, as a native supporter of 34 block chains, had a network effect of $73 billion that was very difficult to replicate. In response to the difference in market position with Tether, he said that USDC was the largest regulated and stable currency in the world and had the highest actual size of transactions。