Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 26

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 26
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. With Circle Gateway, users deposit USDC into a non-custodial smart contract to create a unified balance that can be accessed in real-time across supported chains. For end users, this means frictionless, 
 crosschain experiences without needing to switch networks or move assets manually. For businesses, this enables just-in-time liquidity on any supported chain, streamlining operations and improving capital efficiency. In July 2025, Circle Gateway     
 launched on Avalanche, Base, and Ethereum testnets, with more blockchains to follow.                                                                                                                                                                      |

Together, this suite enables existing Web2 developers, internet-enabled businesses, and financial institutions to more easily offer Web3 capabilities, including using USDC as a means of payment and settlement within consumer internet, e-commerce, and finance applications. We believe several of these fee models have the potential to generate high gross margins and scale revenue therefrom rapidly with network usage. The Circle stablecoin network is built on blockchain infrastructure We build, maintain, and deploy a family of smart contracts that provide the core functionality of the Circle stablecoin network. These smart contracts provide a protocol for applications to easily store and transfer Circle stablecoins. Our stablecoin smart contracts are all available as open-source software, both through public open-source libraries, and as visible source code deployed on blockchain networks. While USDC was initially only natively supported for the Ethereum blockchain (one of the most widely adopted blockchain-based applications), today USDC is natively supported for 24 blockchains, with more expected in the future. Today, there is intense competition in the industry to deliver blockchains that are attractive to application developers and end-users, with different projects competing for improved security, efficiency, privacy, and other advanced features. In order to ensure that USDC is as widely available as possible and can be used by application developers, we continue to bring our stablecoin smart contracts and protocols to more blockchain ecosystems. Once available as a protocol on a blockchain network, USDC can then be used by developers to provide dollar storage and settlement features in the digital asset space. These public blockchain networks provide a foundation for issuing digital assets, managing data, processing transactions, and performing computation. Just as large internet companies depend on many underlying open internet protocols and networks, so too do we depend on multiple open protocols and networks—in this case, networks built using advanced cryptography to maintain tamper-resistant data, transactions, and computing resources, all crucial building blocks for building financial and commercial applications. Across the Circle stablecoin network, we aim to enable simpler, safer, and easier to