Report
Circle's Q3 revenue rises 17% as it cuts 5% of staff
Circle's $875 million in Q3 revenue was partly driven by ARC token sales; net income rose 5% to $226 million.
TLDR
Circle's third-quarter revenue rose 17% year over year, while net income rose 5% to $226 million. The company says it is cutting 5% of its staff. Its USDC moved $13.9 trillion, though profit per dollar slipped. Stablecoin issuers still make much of their money when digital dollars stay put.
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