Circle (CRCL) Stock Plunges 17.5% Amid Executive Sale and New Stablecoin Rival
Key HighlightsCircles President Heath Tarbert divested $30.77 million in CRCL tokens through 10 separate transactions beginning in June 2025, with zero buy orders recorded.CRCL shares plummeted 17.5% to $62.63, marking a dramatic decline from the post-IPO high of approximately $260.The Open USD stablecoin debuted with support from major players including Visa, Mastercard, Stripe, BlackRock, BNY, and Coinbase, intensifying competitive threats to Circles core business.Mizuho analysts reduced Circle‘s price target to $50, pointing to margin concerns stemming from Open USD’s profit-sharing framework.On July 10, Circle secured OCC authorization to launch Circle National Trust, focused on digital asset custody services. According to Form 4 regulatory filings dated July 20, 2026, Circles President Heath Tarbert has liquidated $30.77 million in CRCL tokens through 10 separate transactions starting in June 2025. The filings show no corresponding purchase activity during this timeframe. Circle President Heath Tarbert Sold About $30.8 Million of CRCL Shares Since June 2025 SEC Form 4 filings show that Circle President and former CFTC Chair Heath Tarbert has sold CRCL shares 10 times since June 2025, totaling about $30.77 million. The transactions mainly involved… pic.twitter.com/Rupr1y4eDQ — Wu Blockchain (@WuBlockchain) July 20, 2026 These divestments coincide with CRCL‘s current trading price hovering around $62.63, representing a substantial retreat