Circle's earnings went up because of its ARC token sale. In the same period, lower yields reduced the income the company makes from USDC, its main stablecoin business. Cointelegraph reported this on Nov 4, 2026.
Circle's stablecoin business faces two pressures. One is lower yields. The other is growing competition. The report names both but does not say which matters more.
Circle is trying to earn money from more than one source. It is looking at payment fees and at staking rewards it may earn in the future. The report does not say when staking rewards would start or how much either one could bring in.
The report gives no figures. It does not say how much the ARC token sale raised, how much earnings rose, or how far USDC income fell. Those numbers are not yet known from this story.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. The story reports no change to USDC itself and none to funding rates, trading fees or liquidity on any exchange. It is about how Circle earns money, not about what it costs to hold a position.
Source: cointelegraph — Circle’s ARC token sale lifts earnings as lower yields weigh on USDC income