The Information · Yueqi Yang ·
Circle reports Q3 revenue up 17% YoY to $875M, driven in part by its ARC token presales, net income up 5% to $226M, and says it is cutting 5% of its employees
Stablecoin issuer Circle reported third-quarter revenue jumped 17% to $875 million, reflecting mostly a one-time bump from a token sale.
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Circle Internet Group, Inc.: Circle Internet Group, Inc.
Bloomberg: Bloomberg
investor.circle.com: investor.circle.com