Circle Q3 Revenue Hits $865M as USDC Issuer Cuts Workforce by 5%

Crypto Insight Summary: 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 […] Crypto Insight Analysis: Direction: Bullish USDC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Profit growth supports USDC confidence, but falling reserve income and a one-off presale limit broad crypto impact.