Circle, the issuer of the USDC stablecoin, announced a 5% workforce reduction amid its Q3 2026 results showing 17% revenue growth and a 49% increase in on-chain transaction volume. The layoffs are part of a restructuring to better align with strategic priorities, despite strong USDC circulation growth and a 5% rise in net income. Key upcoming challenges include stabilizing reserve income, replacing the CFO, and completing a strategic acquisition of Tazapay. The stablecoin’s operations remain unaffected by the staffing changes.
Circle's recent workforce reduction of 5% accompanies its Q3 2026 results showing 17% revenue growth and a 49% increase in on-chain transaction volume. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Nov 04, 2026 19:02 WIB: out of 50 major cryptocurrencies, 39 rose and 10 fell today. Notable moves include SXP down 46.27% to Rp37, BAL up 11.14% to Rp16.297, and BAT up 9.21% to Rp2.507 with a 78% sell order activity and typical hold time of 93 days on Pluang.
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