Circle Q3 Revenue Hits $865M as USDC Issuer Cuts Workforce by 5%
Circle’s third-quarter revenue climbed 17% to $865 million, while net income rose 5% to $226 million. The USDC stablecoin issuer’s results were strengthened by a $182 million ARC token presale, which helped offset declining income from the reserves backing USDC. Circle Posts $226M Q3 Profit Circle’s newest blockchain token played an unusually large role in […]
Key Takeaways
- Circle’s third-quarter revenue climbed 17% to $865 million, while net income rose 5% to $226 million.
- The USDC stablecoin issuer’s results were strengthened by a $182 million ARC token presale, which helped offset declining income from the reserves backing USDC.
- Circle Posts $226M Q3 Profit Circle’s newest blockchain token played an unusually large role in […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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