Circle Internet Group LLC (NYSE:CRCL), the company that issues the USDC stablecoin, released 17% year-over-year revenue and reserve income of $865 million during the third quarter. But the company also announced a workforce restructuring that would impact some of its workers by 5%. The cuts have been restated as restructuring charges in its earnings release
The post Breaking: USDC Issuer Circle Reveals $865M Q3 Revenue, But Lays Off 5% Staff appeared first on CoinGape.
