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Stablecoin Issuer Circle Cuts 5% Jobs
First reported by The Information ·
The signal
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Brief pending · reported by The Information, Circle Internet Group, Inc., Cointelegraph, Bitcoin Magazine, CoinDesk and 2 more
What happened
Stablecoin issuer Circle reported third-quarter revenue jumped 17% to $875 million, reflecting mostly a one-time bump from a token sale.
Source description shown. AI brief pending.
Crypto
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Circle reports Q3 revenue up 17% YoY to $875M, driven in part by ARC token sales, net income up 5% YoY to $226M, and says it is cutting 5% of its staff
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Circle reports Q3 revenue up 17% YoY to $875M, driven in part by its ARC token presales, net income up 5% to $226M, and says it is cutting 5% of its employees