IPA: /ˈsɜːrkjʊleɪtəbl/
KK: /ˈsɜrkjʊleɪtəbl/
Able to be passed around or shared among people or places.
The information was circulatable, allowing everyone to access it easily.
Circulatable is formed from "circulare" (from Latin, meaning to move in a circle) and the suffix "-able" (meaning capable of). The word describes something that is capable of being circulated or moved in a circular manner.
Think of something that can be 'moved in a circle' ('circulare') — that's why circulatable means it can be circulated.
No commonly confused words.