Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 122

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 122
---
 of June 30, 2025, USDC has been used for over $31 trillion in onchain transactions. While we have made strong progress in our pursuit of our mission and vision over the past decade, we believe the internet financial system is in its infancy with decades of growth and innovation ahead. Our business model We believe that we are well positioned to capitalize on the development of the internet financial system and the reimagining of how money works in the world. The future of money is open, transparent, and digital, and we are at the center of this transformation. Our business model is driven by the growth of the Circle stablecoin network, which comprises our stablecoin infrastructure, our banking and reserve management infrastructure, our blockchain infrastructure, and our Developer Services application platform, as well as all the end-users who are active on our platform and benefit from our underlying technology. We continually invest in growing the Circle stablecoin network:

| • |     | We promote distribution and adoption of Circle stablecoins through partnerships with large, leading financial and 
 technology-focused institutions with large consumer customer bases.                                               |

| • |     | We expand our reach by broadening the accessibility of our network, such as by building global on- and off-ramps                                                                      
 from fiat banking providers that permit Circle Mint customers to move their funds between fiat and Circle stablecoins, enabling efficient utilization of Circle stablecoins globally. |

| • |     | We support the building of new applications on our platform by providing end-to-end tools and operational                                                                                                                                               
 infrastructure that make it easier for developers to abstract away the technology intricacies of building apps on blockchain networks. These tools, such as CCTP and Circle Gas Station, lower the barriers to entry for developers and end-users, and  
 support innovation on our network. Importantly, many of these tools are open source and permit developers to build on our network regardless of whether they have an existing Circle relationship, which helps fuel the growth of the Circle stablecoin 
 network.                                                                                                                                                                                                                                                |

73

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

| • |     | We stimulate increased activity on the Circle stablecoin network by encouraging the growth of the broader Web3                                                                                                                                            
 ecosystem and by introducing new products and services, which enable end-users to leverage the benefits inherent in the internet financial system: transparency, increased velocity, and reduced cost, all with the programmability of money. In addition 
 to products