Macro Finance
USDC Issuer Circle Quietly Cuts 5% of Staff in Profitable Quarter
Decrypt·November 4, 2026·1 min read
Circle, the issuer of USDC, quietly cut 5% of its staff during a profitable quarter, booking $9.1 million in restructuring costs. Reserve income fell 8% year-over-year, though the company remained profitable. The cuts were disclosed in its earnings release, signaling cost discipline amid changing market conditions.
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