Circle's ARC token sale lifts earnings as lower yields weigh on USDC income

Circle, the issuer of the USDC stablecoin, has improved its financial results thanks to the sale of its ARC token, according to Cointelegraph. However, the core business is under pressure: the yield earned on USDC reserves is falling, and competition in the stablecoin market is growing.

To broaden its revenue sources, Circle is counting on payment fees and future staking rewards. According to the announcement, this is an attempt to reduce dependence on interest income, which is currently declining.

Details on the size of the ARC sale, the volume of fees and the timing of the staking launch were not disclosed in the available materials, so this report is based on an announcement without the full article text.