{"id":121740,"date":"2023-07-13T04:50:19","date_gmt":"2023-07-13T04:50:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/usdc-issuer-circle-trims-workforce-crypto-news\/"},"modified":"2023-07-13T04:50:22","modified_gmt":"2023-07-13T04:50:22","slug":"usdc-issuer-circle-trims-workforce-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usdc-issuer-circle-trims-workforce-crypto-news\/","title":{"rendered":"USDC issuer Circle trims workforce\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Boston-based stablecoin issuer Circle Internet Financial Limited has reduced its workforce and investment in non-core activities to maintain a strong balance sheet and reestablish its business focus, the company announced on Wednesday.<\/p>\n<p><strong><em>See related articles:<\/em><\/strong> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/headlines\/usdc-stablecoin-circle-singapore-license\/\">USDC stablecoin issuer Circle obtains Singapore license for digital payments, others<\/a><\/p>\n<h2 class=\"wp-block-heading\">Fast facts<\/h2>\n<ul>\n<li>\u201cAt the same time, we have identified new areas of investment and are continuing to hire in key areas of focus on a global basis,\u201d a Circle spokesperson said in an email response to questions. <\/li>\n<li>However, the company\u2014which issues the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/binance-stablecoin-conversion-controversial-users\/\">usdc<\/a> The stablecoin \u2014 declined to comment on the exact number of layoffs or the departments that saw the reduction in headcount.<\/li>\n<li>Circle&#8217;s layoffs follow a slew of companies in the global cryptocurrency industry that have reduced their headcount as a result of a prolonged period of so-called &#8220;crypto winter&#8221; \u2014 or a downturn in the market.  Other crypto firms that have made layoffs in recent months include Crypto.com, Bittrex, Polygon Labs and Kraken.<\/li>\n<li>Last month, Circle&#8217;s Singapore affiliate <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/headlines\/usdc-stablecoin-circle-singapore-license\/\">acquired<\/a> a Major Payment Institution license from the Monetary Authority of Singapore.  The license will allow the company to offer digital payment token services, cross-border money transfer services, and domestic money transfer services in the city-state.<\/li>\n<li>Circle CEO Jeremy Allaire also expressed interest in issuing a stablecoin in Japan during an interview with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coindesk.com\/business\/2023\/07\/06\/circle-considers-issuing-stablecoin-in-japan-under-new-rules\/\">CoinDesk<\/a> earlier this month.<\/li>\n<li>The global crypto industry is valued at US$180 billion with over 10,000 companies worldwide, according to a July 5 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/headlines\/global-crypto-industry-worth-us180-bln-report\/\">reports<\/a> from crypto intelligence firm K33 Research. <\/li>\n<li>The report found that Singapore and Hong Kong are Asia&#8217;s top crypto hubs, accounting for 65,900 employees or roughly 35% of the 190,000 workers employed at crypto firms globally. <\/li>\n<\/ul>\n<p><strong><em>See related articles:<\/em><\/strong> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/how-japan-is-illuminating-blockchain-future-path\/\">How Japan is illuminating the path of blockchain&#8217;s future: Opinion<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Boston-based stablecoin issuer Circle Internet Financial Limited has reduced its workforce and investment in non-core activities to maintain a strong balance sheet and reestablish its business focus, the company announced on Wednesday. See related articles: USDC stablecoin issuer Circle obtains Singapore license for digital payments, others Fast facts \u201cAt the same time, we have identified [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":121741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-121740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=121740"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121740\/revisions"}],"predecessor-version":[{"id":121742,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/121740\/revisions\/121742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/121741"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=121740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=121740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=121740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}