Circle reduced about 5% of its workforce to align its organization with its operating model and strategic priorities, without specifying the number of employees affected or the teams involved. The company recorded $9.1 million in restructuring charges, mainly related to severance payments and notice periods. At the same time, net income from continuing operations rose 5% to $226 million, while adjusted EBITDA increased 85% to $317 million. Total revenue and reserve income reached $865 million, and USDC’s share of stablecoin transaction volume rose from 66% to 79%. Circle also launched the public mainnet of its Arc blockchain and plans to enter about 40 emerging and developing markets.
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