Adoption

Circle Cuts 5% of Staff Despite Reporting Profitable Quarter

November 4, 2026, 11:45 AM UTC (4 hours ago) · 1 source · Summarized by CryptoBipto

Circle, the company behind the USDC stablecoin, has laid off approximately 5% of its workforce. The layoffs occurred during a quarter in which the company reported profitability, raising questions about the company's strategic direction.

WHY IT MATTERS

Circle is the company that issues USDC, a type of cryptocurrency called a stablecoin.

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SOURCES

beincrypto.com

USDCStablecoinsUSDCCircleCorporate Restructuring

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What are stablecoins, NFTs and tokenized assets?What stablecoins are and how they hold a steady value, what an NFT represents, and what it means to tokenize a real-world asset.