Circle, the issuer of the USDC stablecoin, cut about 5% of its workforce to better align its organization with its operating model and strategic priorities, according to its Q3 results. It booked $9.1 million in restructuring charges, mostly severance and notice-period payments, even as net income from continuing operations rose 5% to $226 million. Much of the growth came from outside its core business, including $182 million from the presale of ARC tokens, while reserve income fell 8% to $658 million as reserve interest rates declined. The article notes Circle is one of several crypto firms, including Coinbase, BitGo and the Ethereum Foundation, that have cut staff this year.
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cryptostablecoinsCircleearningslayoffs
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 11/03/2026 | 77,453.86 |
| Change that session | +0.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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