USDC Issuer Circle Quietly Cuts 5% of Staff in Profitable Quarter
The USDC issuer disclosed the cuts in its earnings release, booking $9.1 million in restructuring costs as reserve income fell 8%.
This story was originally published by Decrypt.
More DeFi News
DeFi
Circle reports $865 million in Q3 revenue and reserve income, discloses 5% workforce reduction
Circle reported $865 million in third-quarter revenue and reserve income and disclosed cuts affecting approximately 5% of its workforce.
DeFi
OKXICE's marquee targets opt out as tokenization objections hit 59
OKXICE’s plan to list tokenized versions of the shares of US-listed companies was rocked by its latest opt-outs, with Home Depot and GE Vernova joining Apple in asking not to be included on the…
DeFi
Circle beats earnings and revenue estimates on soaring USDC transaction volume
Circle’s net income for continuing operations of $226 million grew 5% year-over-year to $226 million in the third quarter.
DeFi
Bybit CEO Ben Zhou: AI, Tokenization and Connected Infrastructure to Reshape the Future of Finance
Dubai, United Arab Emirates, November 4th, 2026, Chainwire Bybit, the New Financial Platform trusted by more than 80 million users worldwide, joined global finance and technology leaders at Hong Kong…
DeFi
Bybit CEO Ben Zhou: AI, Tokenization and Connected Infrastructure to Reshape the Future of Finance
November 4th, 2026 – Dubai, United Arab Emirates Bybit, the New Financial Platform trusted by more than 80 million users worldwide, joined global finance and technology leaders at Hong Kong FinTech…
DeFi
Circle Layoffs Hit 5% of Staff in a Profitable Quarter: Why Now?
Circle Internet Group, the New York company behind the USDC stablecoin, cut about 5% of its workforce in the third quarter. The disclosure sat in a footnote to earnings that showed profit rising. The…