Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 184

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 184
---
, blockchain-based (Web3) wallet via the Grab app, our partnership with Mercado Libre to introduce its customers in Latin America to USDC, our partnership with Nubank to introduce its customers in Brazil to USDC, our partnership with SBI Holdings to expand USDC access in Japan, our partnership with Coins.ph to help Filipinos abroad learn to use USDC for remittances, our alliance with Binance to convert a portion of its treasury funds into USDC and promote USDC on its platform, and our collaboration with Fiserv to explore integration of our USDC infrastructure and Circle Payments Network with Fiserv’s digital banking and payment capabilities. We have also partnered with Coinbase to provide seamless conversion between fiat currency and USDC. In addition, we collaborate with leading global market makers and liquidity providers. For example, in December 2024, we entered into an agreement with Cumberland to expand liquidity and settlement capabilities in USYC and USDC over the course of a three-year term. Although the details of each partnership differ, in these partnerships, which have one to four year terms, we make payments to our partners (or offer rebates against payments that our partners would otherwise make to us for our Developer Services) based on the number of wallets on our partners’ platforms, the number of wallets on our partners’ platforms that transact in USDC, and/or the amount of USDC held on our partners’ platforms. We have also entered into an arrangement with Intercontinental Exchange Holdings, Inc. (“ICE”) to explore integrating Circle stablecoins and USYC as collateral, settlement, and co-branded exchange-traded products across ICE’s derivative markets. We also recently announced a partnership to allow Binance’s institutional customers to use USYC as an off-exchange settlement solution. Through these partnerships, we provide our partners with certain Circle products and services and/or

<div align='center'>119</div>

**incentivize our partners to increase their customers’ use of USDC and the amount of USDC on their platforms, thereby growing the USDC ecosystem and increasing USDC liquidity. We also foster the Circle stablecoin ecosystem with a range of programs, including Circle Developer Programs, which sponsor hackathons and developer events, the Circle Alliance Program, our global partnership and alliance program, as well as worldwide industry and event sponsorships. Each of these partnerships drives awareness and growth of the Circle stablecoin network, further enhancing its network effect. We further believe we are uniquely well positioned to attract new partners due to our and