Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 117

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 117
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,” and “potential,” among others. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to, the following:

| • |     | we face intense and increasing competition; |

| • |     | competition from new and existing issuers offering competing products, combined with the rise of yield-bearing digital                              
 assets, including TMMFs, that are attractive to digital asset trading participants, may reduce market demand and circulation of Circle stablecoins; |

| • |     | stablecoins may face periods of uncertainty, loss of trust, or systemic shocks resulting in the potential for rapid                                                                                                                            
 redemption requests (or runs), and extreme scenarios, such as market shocks that affect the value of USDC’s reserves or simultaneous requests to redeem all or substantially all USDC in circulation, or concerns related to Circle stablecoin 
 reserves, may lead to redemption delays and USDC reserves being insufficient to meet all redemption requests;                                                                                                                                  |

| • |     | as a relatively new innovation, stablecoins are particularly susceptible to operational challenges and risks, including due 
 to surges in demand;                                                                                                        |

| • |     | any negative publicity regarding stablecoins or the broader digital asset industry may have an outsized negative effect on 
 consumer confidence;                                                                                                       |

| • |     | the acceptance of Circle stablecoins could be negatively impacted by the disruptions in secondary marketplaces that 
 facilitate the purchase and sale of Circle stablecoins;                                                             |

| • |     | absent federal regulations, there is a possibility that Circle stablecoins may be classified as “securities,” 
 which would subject us to additional regulation and could materially impact the operation of our business;    |

| • |     | we hold a substantial amount of USDC reserves in the Circle Reserve Fund and thus are subject to risks associated with the 
 issuer, the manager, and the custodian of the Circle Reserve Fund;                                                         |

| • |     | any significant disruption in our or our third-party service providers’ or partners’ technology could result in a        
 loss of customers or funds and adversely impact our business, results of operations, financial condition, and prospects; |

| • |     | our customers’ funds and digital assets may fail to be adequately safeguarded by us or the third-party service 
 providers upon whom we rely;                                                                                   |

| • |