Company: CRCL
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001193125-25-084832
Chunk: 169

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 169
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 the year ending December 31, 2025 based on our internal modeling, which are subject to uncertainties and limitations as discussed above (in millions):

| Change in interest rates from average 
 yield of 4.33% in December 2024       |     | Estimated change in reserve income |      |   |     | Estimated change in distribution and 
 transaction costs                    |      |   |
|:--------------------------------------|:----|:-----------------------------------|-----:|:--|:----|:-------------------------------------|-----:|:--|
| +200 bps                              |     | $                                  |  882 |   |     | $                                    |  468 |   |
| +100 bps                              |     | $                                  |  441 |   |     | $                                    |  234 |   |
| -100 bps                              |     | $                                  | (441 | ) |     | $                                    | (234 | ) |
| -200 bps                              |     | $                                  | (882 | ) |     | $                                    | (468 | ) |

Foreign currency risk Our reporting currency is the U.S. dollar and the functional currency of our international operations is its local currency. The assets and liabilities of each of our international operations are translated into dollars at exchange rates in effect at each balance sheet date. Revenues and expenses are translated using the average exchange rate for the relevant period. Equity transactions are translated using historical exchange rates. Decreases in the relative value of the U.S. dollar to other currencies may negatively affect revenues and other operating results as expressed in dollars. Foreign currency translation adjustments are accounted for as a component of accumulated other comprehensive income (loss) within stockholders’ equity (deficit). Gains or losses due to transactions in foreign currencies are included in Other income (expense), net,on our consolidated statements of operations. We have not engaged in hedging of foreign currency transactions to date, although we may choose to do so in the future. A 10.0% increase or decrease in current exchange rates would not have a material effect on our operating results or financial condition. 123

### Business
Overview

The new internet financial system

Circle’smission is to raise global economic prosperity through the frictionless exchange of value. We believe that with the
advent of blockchain networks, the global financial system can be rebuilt on the principles of the internet—those of open software and public networks—to the benefit of all of society. This new internet financial system has the potential