Breaking: USDC Issuer Circle Reveals $865M Q3 Revenue, But Lays Off 5% Staff
Circle Internet Group LLC (NYSE:CRCL), the company that issues the USDC stablecoin, released 17% year-over-year revenue and reserve income of $865 million during the third quarter. But the company also announced a workforce restructuring that would impact some of its workers by 5%. The cuts have been restated as…
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Revenue
The total money a company earns from selling goods or services before any costs are subtracted.
Revenue growth shows demand for a company's products; profit shows whether it earns money from them.
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