Company: CRCL
Filing Date: 2025-08-04
Form Type: DRS
Source: 0000950123-25-006942
Chunk: 221

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-04
Form: DRS
Chunk 221
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 Gateway, and Circle Wallets, along with features of Circle
Wallets like Circle Gas Station, encouraging continued interaction and innovation in the Circle stablecoin ecosystem. We believe our ability to interoperate with, and be supported by, many of the most used blockchains will enable us to scale much
more rapidly than our competitors and will drive increasing adoption of Circle stablecoins by enabling access and utilization by different user bases who may operate on different blockchains.

Robust partnership ecosystem

We support the
stability and growth of the Circle stablecoin network by developing partnerships with industry leaders across financial services and technology sectors. For example, USDC reserves are held in accounts with regulated financial institutions, including
BlackRock and BNY, that are titled FBO holders of USDC. Strategic partnerships such as the ones with Grab and Mercado Libre help deepen the distribution and liquidity of USDC in key markets. They also help to grow global USDC adoption more broadly.
We believe our combination of industry leadership and regulation-first approach uniquely positions us as the partner of choice for companies looking to explore and innovate with digital assets and blockchain networks. In addition, we and Coinbase
established a stablecoin ecosystem framework under which we provide incentives to distribution partners to increase the circulation of Circle stablecoins. Binance is the first approved participant under this framework that agrees to undertake
marketing activities to promote USDC on its platform. We also entered into a separate arrangement with Binance pursuant to which Binance agrees to maintain a portion of its treasury in USDC. See “Business—Collaboration with Coinbase”
and “Business—Select distribution partnerships—Arrangements with Binance” for more information on our arrangements with Coinbase and Binance.

Developer-oriented platform

As an open platform
built on blockchain networks, we enable developers around the world to build on our infrastructure and drive innovation in financial services and commerce. Our extensible and secure network, powered by open APIs, allows developers to independently
build applications that can seamlessly interact with Circle stablecoins and wallets. As of June 30, 2025, we had 19.4 million Circle Wallets on our platform, enabling the development of a wide range of applications across gaming, payments, and
commerce. We also foster the developer ecosystem, with programs such as the Circle Ecosystem Grant and Circle Ventures, which provide financing and technical resources to promote developer activity.

Safety and regulatory leadership

Fundamental to
our business model is our focus on working with regulators around the world to develop and implement frameworks that will