Stablecoin Issuer Circle Cuts Workers, Ends Certain ‘Non-Core’ Activities; Will Continue Hiring Globally

“To keep up our sturdy stability sheet, Circle is redoubling its concentrate on core enterprise actions and execution,” a spokesperson for Circle advised CoinDesk in an e-mail. “Because of this, we have now diminished or ended investments in non-core actions and diminished operational bills which features a marginal discount in headcount. On the identical time, we have now recognized new areas for funding and are persevering with to rent in key areas of concentrate on a worldwide foundation.”