Circle Cuts About 5% of Its Workforce in Quarter Lifted by ARC Token Presale

The USDC issuer did not specify how many employees were affected by the reduction. The revenue gain underscores how token sales are supplementing Circle's core stablecoin business even as it trims costs. Investors will watch whether the headcount reduction signals further expense discipline and how much of the top-line lift proves recurring versus tied to the one-time ARC presale.