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Circle reports Q3 revenue up 17% YoY to $875M, driven in part by ARC token sales, net income up 5% YoY to $226M, and says it is cutting 5% of its staff (Yueqi Yang/The Information)

Stablecoin issuer Circle reported third-quarter revenue jumped 17% to $875 million, reflecting mostly a one-time bump from a token sale.

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

Also reported by 1 other outlet

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