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Circle Cuts About 5% of Workforce While Reporting $865M in Q3 Revenue

November 4, 2026, 2:39 PM UTC (2 hours ago) · 1 source · Summarized by CryptoBipto

Circle, the company behind the USDC stablecoin, has laid off approximately 5% of its staff. The cuts come as the company reported $865 million in revenue for the third quarter.

WHY IT MATTERS

Circle is the company that creates and manages USDC, one of the most widely used stablecoins.

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SOURCES

bitcoinmagazine.com

StablecoinsUSDCCircleCorporate RestructuringCrypto Industry Layoffs

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