Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 118

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 118
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. federal securities laws. |

| • |     | 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;                                                                   |

| • |     | our inability to maintain existing relationships with financial institutions and similar firms or to enter into 
 new such relationships could impact our ability to offer services to customers;                                 |

| • |     | we are subject to credit risks in respect of counterparties, including banks and other financial institutions; |

| • |     | if we are unable to maintain existing distribution arrangements or enter into additional distribution                                  
 arrangements on less favorable financial terms, USDC and EURC in circulation and Circle’s financial results may be adversely affected; |

68

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

| • |     | our products and services may be exploited by our customers, employees, service providers, and other third                     
 parties to facilitate illegal activity such as fraud, money laundering, terrorist financing, gambling, tax evasion, and scams; |

| • |     | our compliance and risk management methods might not be effective; |

| • |     | fluctuations in interest rates could impact our results of operations; |

| • |     | we are subject to an extensive and highly evolving regulatory landscape; |

| • |     | the regulatory environment to which we are subject gives rise to various licensing requirements, significant                                                                                             
 compliance costs and other restrictions, and noncompliance could result in a range of penalties, including fines, compliance costs, operational restrictions, reputational damage, and loss of licenses; |

| • |     | we are subject to laws, regulations, and executive orders regarding economic and trade sanctions, anti-bribery,                                                         
 AML, and counter-terrorism financing that could impair our ability to compete in international markets or subject us to criminal or civil liability if we violate them; |

| • |     | insiders will continue to have substantial control over