✔ VERIFIED First reported by BeInCrypto · Nov 4, 11:45 UTC · updated Nov 4, 12:44 UTC

USDC Issuer Circle Quietly Cuts 5% of Staff in Profitable Quarter

The USDC issuer disclosed the cuts in its earnings release, booking $9.1 million in restructuring costs as reserve income fell 8%.

Common to all reports: Circle · Staff · Profitable Quarter

Confirmed by 2 sources

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Tags: Stablecoin, Markets, USDC

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