Company: CRCL
Filing Date: 2025-05-16
Form Type: S-1/A
Source: 0001193125-25-121234
Chunk: 196

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-16
Form: S-1/A
Chunk 196
---
 of other trends have emerged that are helping to drive the adoption of stablecoins and the internet financial system, including:

| • |     | Technology improvements.  Blockchain technologies continue to improve, supporting larger-scale                                                                                                                                                       
 applications, improved security and privacy, greater operational efficiency, and new standards that can simplify the user experience of interacting with blockchain-based applications and online transactions. These improvements are often         
 exponential—Bitcoin (introduced in 2009) could support approximately seven transactions per second at launch, while Ethereum (introduced in 2015) could support approximately 15 transactions per second at launch. Since then, a multitude of other 
 blockchains have emerged that can support orders of magnitude more transactions per second, such as Solana (introduced in 2020) and its theoretical peak capacity to handle tens of thousands of transactions each second. These continuing (and     
 escalating) improvements are ushering in a world that we believe will support billions of users and millions of businesses operating on these networks.                                                                                              |

| • |     | Operational improvements for using and securing digital assets.  As blockchain technology has advanced, so too                                                                                                   
 have the tools, technologies, and operational solutions for enterprises, financial institutions, and end-users to safely use and deploy applications on these networks. Banks, FinTech firms, and asset managers 
 are increasingly comfortable with the operational solutions available in the market to use these new technologies safely.                                                                                        |

136

| • |     | Growth in AI agents and applications.  Rapid growth in the deployment of AI agents and software                                                                                                                                                      
 creates an environment that is ripe for the use of stablecoins and blockchain networks, as AI agents have come to rely on a programmable form of money that can work universally around the world. Growth in AI usage can also be a catalyst for the 
 internet financial system.                                                                                                                                                                                                                           |

| • |     | Regulatory support and legal clarity.  Around the world, major governments are putting into place                                                                                                                                                       
 comprehensive regulations for digital assets and stablecoins. Many of these new legal regimes provide much-needed regulatory clarity for the use of stablecoins and blockchain networks for financial and commercial activity. New regulations can help 
 build market confidence by, among other things, ensuring that products meet high standards in the area of consumer protection.                                                                                                                          |

| • |     | Identity and compliance standards.  Alongside regulatory clarity are standards and requirements to meet                                                                                                                                               
 important global financial crime compliance rules (e.g., AML). Identity verification and financial crime compliance standards have