Meta Description (150–160 characters) Subtitle TLDR Circle (CRCL) posts $865M in Q3 revenue as adjusted EBITDA jumps 85% year-over-year. USDC circulation averages $73.3B as Circle records 49% growth in transaction volume.
The USDC issuer disclosed the cuts in its earnings release, booking $9.1 million in restructuring costs as reserve income fell 8%.
Circle’s net income for continuing operations of $226 million grew 5% year-over-year to $226 million in the third quarter.
Circle Internet Group LLC (NYSE:CRCL), the company that issues the USDC stablecoin, released 17% year-over-year revenue and reserve income of $865 million during the third quarter. But the company also announced a workforce restructuring that would impact some of its workers by 5%.
reUSD is now live on Monad, expanding access to Re’s reinsurance-linked yield product beyond Ethereum. Users can bridge reUSD from Ethereum mainnet to Monad through Chainlink CCIP, while markets are also active on Morpho and Pendle.
FinChain, a crypto-finance platform incubated by Fosun Wealth Holdings, has partnered with institutional open finance platform Plume to launch FLEX & FINO, a leveraged yield strategy targeting annualized returns of up to 7.2% on its FUSD real-world asset (RWA) token.
Circle layoffs cut 5% of staff in Q3 as profit rose. Reserve income fell and USDC stalled. Here is why now.
Circle's strategic shift to blockchain infrastructure could enhance USDC demand, impacting stablecoin circulation and financial ecosystems.
Ripple’s RLUSD stablecoin has crossed $2.5 billion in supply after adding about $972 million in 90 days, the biggest gain among major dollar tokens while USDT and USDC shrank.
DeFi 201 explains decentralized finance as a connected protocol system. It follows how DEXs and AMMs, liquidity pools, lending markets, yield aggregators, oracles, derivatives and DAO governance fit together, and where composability creates systemic risk.
AI-driven event data access via USDC micropayments could revolutionize autonomous agent capabilities, enhancing efficiency and scalability.
Arbitrum's USDG lending has reached $143 million on Morpho, indicating strong stablecoin adoption. This growth reflects increasing interest in DeFi lending.
Solana's November struggles continue, but are oversold signals and rising stablecoin adoption hinting that the worst is over?
Tether CEO Paolo Ardoino says the company holds about 150,000 Bitcoin, worth roughly $11.5 billion. Tether’s Q3 reserve attestation implies only about 100,060 BTC. The gap of roughly 50,000 coins is worth close to $3.8 billion.
A Trust Wallet user says 3,830 USDT disappeared from his wallet with no approval request or warning. He shared a transaction hash and says he has used the same wallet for about five years.
SlowMist successfully concluded the 2026 HK Institutional RWA & Stablecoin Forum, co-hosted with JunHe LLP.
Aave has introduced collateral swaps for its V4 markets, enhancing user flexibility.
Pendle has announced a new feature allowing users to loop non-PT assets, enhancing yield strategies.
3 altcoins, SUI, AAVE and Chainlink (LINK), flash buy signals as analysts identify key resistance levels and potential price targets for a rebound.
Nasdaq’s move towards tokenised shares has sharpened a question for XRP holders: which parts of an onchain stock market would actually require the coin? The answer runs through ownership records, cash settlement and liquidity, with very different implications for XRP…
XRP has gained 2% over the past 24 hours, rebounding from the $1.20 support area. XRP Ledger’s proposed Single Asset Vault (XLS-65) and Lending Protocol (XLS-66) have attracted validator support of 60% and 54%, respectively.
FinChain announces a new yield enhancement strategy with Plume, leveraging tokenized U.S. Treasuries.
Druckenmiller's investment may accelerate blockchain integration into U.S. markets, potentially reshaping the crypto derivatives landscape.
Recent liquidity sweep of the $97-zone and the subsequent correction strengthened the idea that the bulls were not in control.
A Trust Wallet user has reported losing 3,830 USDT from his cryptocurrency wallet without authorizing any transaction, raising fresh concerns about the security of the self-custody platform. In a November 3 post on X, Iaroslav Dubovoi, who uses the handle…
Crypto liquidity continues to tighten, even as Solana’s growing payment activity points to stronger stablecoin utility.
Ripple CEO Brad Garlinghouse said Ripple USD (RLUSD) competes with other stablecoins while complementing XRP. His comments connected the assets through customer needs and his preference for bringing more financial activity onto the XRP Ledger.
Pendle's recent retweet reveals insights on long tokenized stocks and Aave's borrowing rates, suggesting significant market implications.
Ark Invest's strategic shift from Bullish to Circle highlights a preference for stablecoin models, potentially influencing crypto market dynamics.
NEAR has extended its decline after breaking below a key demand zone as the network's Spot ETFs record zero inflows and activity fades.
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