Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 22

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 22
---
 complex. For developers, crafting simple user experiences that are familiar to and consistent with existing mobile
and Web applications requires deep familiarity with cryptography and blockchain network integration, and can pose undue security risks for end-users. Companies deploying these applications also require specialized knowledge for deploying and
operating smart contracts and blockchain software nodes, also introducing significant security and operational risks.

8

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

To address these issues, and to help grow the number of onchain apps in the world, we offer a comprehensive suite of products under the Circle Developer Services banner. These products include:

| • |     | Circle Wallets. Circle Wallets is our programmable wallet solution designed for developers to seamlessly                                                                                                                                                 
 provide Web3-enabled wallets to their end users, enabling them to securely store and transact with digital assets. The most important onchain building block for enabling an internet application is the integration of digital wallet technology into   
 applications. As part of our managed wallet services offering, developers can rapidly integrate onchain wallet technology into their end-user applications across mobile apps and the Web. Circle Wallets enable end-user controlled wallets, as well as 
 developer-controlled wallets, and support digital assets and tokens across multiple blockchain networks.                                                                                                                                                 |

Importantly, Circle Wallets remove much of the friction typically associated with using an onchain app. Functionality like remembering seed phrases or complex user experience for signing transactions with private keys are replaced with familiar patterns such as PIN codes, biometric authentication, and linking to existing user identities using logins with Google or Apple. USDC support plays a central role in Circle Wallets, enabling end-users to easily make and receive USDC payments, thereby removing the complexity of which blockchain network or protocol is being used, as well as removing the need for end-users to understand or make gas fee payments. Since the beta launch of Circle Wallets, more than 12,000 developers have engaged with the product, deploying 19 million wallets onchain. For example, Grab Networks, a leading superapp in Southeast Asia, has implemented Circle’s solutions to power its new onchain wallet, beginning with non-fungible token (“NFT”)-based stored value vouchers that can be used in real-world commerce. To streamline both developer and end-user experiences of onchain apps, we also offer Circle Gas Station, a feature within Circle Wallets, which enables application developers to remove the need for end-users