Stablecoin Issuer Circle Cuts 5% Jobs

T1Covered by 1 source · first reported by The Information (teasers) at 04 Nov, 15:41 UTC

Stablecoin issuer Circle reported third-quarter revenue jumped 17% to $875 million, reflecting mostly a one-time bump from a token sale. At the same time, the company said it is cutting 5% of staff to align its organizational structure with its “operating model and strategic priorities.” Net ...