Company: CRCL
Filing Date: 2025-05-27
Form Type: S-1/A
Source: 0001193125-25-126208
Chunk: 39

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-27
Form: S-1/A
Chunk 39
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 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 and partnership arrangements or enter into additional distribution or                           
 partnership arrangements on less favorable financial terms, USDC and EURC in circulation and Circle’s financial results may be adversely affected. |

| • |     | 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. |

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| • |     | 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. As we continue to expand and localize our international activities, our obligations to 
 comply with the laws, rules, regulations, and policies of a variety of jurisdictions will increase and we may be subject to investigations and enforcement actions by U.S. and non-U.S