Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 30

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 30
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 Ethereum, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Polygon PoS, Solana, Stellar, Sui, and ZKsync, with more expected in the future.                                                               |

19

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

| • |     | Blockchain protocols. Most blockchain networks support developing and deploying smart contracts that can act                                                                                                                                           
 as on-chain protocols. These protocols can offer a wide array of building blocks for financial and commercial applications, such as exchange, lending, invoice payments, micro-payments, treasury management, and more. Leading protocols that support 
 USDC and the Circle stablecoin network include projects such as Uniswap, Aave, OpenSea, and Safe.                                                                                                                                                      |

| • |     | Banks and neo-banks. Banks and neo-banks play an increasingly important role in the Circle stablecoin                                                                                                                                                    
 ecosystem, providing settlement and reserve infrastructure for Circle stablecoins. They are also important end-users of our stablecoin infrastructure. We are seeing growth in startup banks and neo-banks in many emerging markets focused on providing 
 digital dollar payment and settlement services using USDC and the Circle stablecoin network.                                                                                                                                                             |

| • |     | Payments companies. Increasingly, leading payments companies are integrating the Circle stablecoin                                                                                                                                              
 network into their offerings as a means of settlement for their customers. As the global digital assets ecosystem grows, these companies are building products that are “future proof” and enabled for increasing integration with the internet 
 financial system. This includes payment processors, credit card networks, and money remittance services. Leading examples of payments companies in the Circle stablecoin ecosystem include Visa, MasterCard, Stripe, WorldPay, and MoneyGram.   |

| • |     | Market makers and liquidity providers. Stablecoins such as USDC are made widely available through                                                                                                                                                    
 hundreds of retail and institutional platforms around the world. As a wholesale market infrastructure, we do not directly provide stablecoin liquidity to all of these venues and distribution channels; instead, we depend upon a global network of 
 electronic market makers and over-the-counter liquidity providers to distribute and make markets in USDC. These institutional trading firms play an important role in ensuring that USDC is widely available, including in dozens of international   
 markets where they supply liquidity and trading using local currencies and banking infrastructure. Leading global market makers and liquidity