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USDC Issuer Circle Quietly Cuts 5% of Staff in Profitable Quarter

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TLDR — The USDC issuer disclosed the cuts in its earnings release, booking $9.

Signal data─ Neutralconfidence 50%Low materiality
AssetUSDCEventsector-trendEvent timeAttention0 readers/hrNormalSmart readers0

The USDC issuer disclosed the cuts in its earnings release, booking $9.1 million in restructuring costs as reserve income fell 8%.

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