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Circle Cuts 5% of Staff Despite Reporting Profitable Quarter

November 4, 2026, 12:44 PM UTC (3 hours ago) · 1 source · Summarized by CryptoBipto

Circle, the company behind the USDC stablecoin, has reduced its workforce by approximately 5%. The layoffs occurred during a quarter in which the company reported profitability.

WHY IT MATTERS

USDC is a stablecoin, which is a type of cryptocurrency designed to maintain a steady value — typically pegged to the US dollar.

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SOURCES

decrypt.co

USDCStablecoinsUSDCCircleCrypto LayoffsCorporate Strategy

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