✔ VERIFIED First reported by Unchained · Nov 4, 12:59 UTC · updated Nov 4, 15:31 UTC

Circle Beats Q3 Estimates on Arc Token Sale, Cuts 5% of Staff

Circle's revenue rose 17% to $865M, with $182M from a presale of its ARC token, even as interest income on USDC reserves slipped.

Common to all reports: Circle Cuts · ARC Token · Q3

Confirmed by 3 sources

• Unchained (crypto newsroom · US) · Nov 4, 12:59 UTC · read at the source
• Cryptopolitan (crypto newsroom · International) · Nov 4, 13:28 UTC · read at the source
• Bankless (crypto newsroom · US) · Nov 4, 15:31 UTC · read at the source

Related

• Circle (CRCL) Cuts About 5% of Workforce as Q3 Revenue Hits $865M

Tags: Stablecoin, Markets, USDC

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