Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 5

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 5
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 is a financial technology firm that offers apps, software, or other technologies to    
 streamline mobile and online banking, which may or may not possess a traditional banking license. |

| • |     | “onchain apps” are software applications that use digital assets and smart contracts and deliver 
 services using blockchain networks.                                                              |

| • |     | “onchain transactions” are transactions that are carried out on the blockchain from start to finish. We   
 measure onchain transactions by parsing and querying transaction data from blockchains that support USDC. |

iii

CONFIDENTIAL TREATMENT REQUESTED BY CIRCLE INTERNET GROUP, INC. PURSUANT TO 17 C.F.R. § 200.83

| • |     | “on-ramps” and “off-ramps” are channels between fiat currency and stablecoins. |

| • |     | “payment stablecoins” are stablecoins that (i) are designed to maintain a stable value relative to                                                                                                                                            
 a reference fiat currency on a one-for-one basis, (ii) can be redeemed for such reference fiat currency on a one-for-one basis, and (iii) are backed by assets held in a reserve that are considered low-risk and readily liquid with a value 
 in such reference fiat currency that meets or exceeds the redemption value of the stablecoins in circulation.                                                                                                                                 |

| • |     | “private key” is a string of letters and numbers that allows a person to access and manage his/her 
 digital assets in a digital wallet or other custodial solution, similar to a password.             |

| • |     | “programmability,” with respect to money or digital assets, occurs when rules that define or constrain 
 usage can be embedded into the money or digital asset.                                                 |

| • |     | “proof of stake” is a consensus mechanism that blockchains can use to agree upon a single true record                                                                                                                                          
 of data history, in which traders are required to “stake” a portion of their digital assets as collateral, and if a trader adds a transaction to the blockchain that other validators deem to be invalid, they may lose a portion of what they 
 staked.                                                                                                                                                                                                                                        |

| • |     | “rails” are the underlying infrastructure and systems that facilitate the transfer of value between 
 parties.                                                                                            |

| • |     | “secured overnight financing rate” or “SOFR” is a benchmark interest rate published by the                                                                                                           
 Federal Reserve Bank of New York that reflects the cost of borrowing cash overnight collateralized with