Company: CRCL
Filing Date: 2025-05-16
Form Type: S-1/A
Source: 0001193125-25-121234
Chunk: 194

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-16
Form: S-1/A
Chunk 194
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 mobile technology, and advances in computing power, exponential network effects took hold, and the internet transformed virtually every incumbent industry, radically reshaping the unit economics of software, media, communications, and commerce. Similarly, we believe that the advent of blockchain networks and the internet financial system has the opportunity to transform the financial industry and digital commerce by reshaping the customer experience, the unit economics, and the ultimate reach of the financial system. Over the next decade, we believe that this fundamental change will be felt in a similar manner to the changes that have occurred in other industries as they adapted to earlier generations of internet technologies. The internet financial system, and the blockchain networks that provide its foundation, offers enormous potential advantages over the traditional financial system, including:

| • |     | Open, global, and interoperable public network infrastructure that enables transactions between counterparties to settle 
 nearly instantly and at a cost as low as a fraction of a cent per transaction.                                           |

| • |     | By using blockchains, transactions and financial contracts can provide greater transparency into financial flows, while 
 also leveraging cryptography to enhance privacy and security.                                                           |

| • |     | Using smart contracts, blockchain networks enable companies and developers to build new applications that intermediate                                                                                         
 money, payments, and commerce in powerful new ways, unlocking innovation in the same way that App Stores and mobile phones unlocked innovation through new categories of apps that were never before possible. |

Blockchain networks The advent of blockchain networks reshapes how the global financial system can operate, creating significant opportunities for new innovations to flourish. The financial industry supports more than $250 trillion in annual global capital markets activity, according to SIFMA, and approximately $21.8 trillion in M2 money stock as of March 2025, according to the Federal Reserve Bank of St. Louis, reflecting an enormous market and underlying infrastructure that can be transformed by blockchain networks. Blockchain networks catalyze this change in multiple significant ways:

| • |     | Storage of value.  Blockchains are digital, relying on tamper-proof, immutable, and highly secure digital 
 records built on decentralized infrastructure, and are designed to mitigate hacks and exploits.           |

| • |     | Transmission of value.  Blockchains are built to support open, global, and interoperable transactions that can                                                                                                                               
 work with any internet-connected device in the world, offering transaction finality in seconds, with strong privacy and security and significant cost efficiency, with transactions costing as little as a fraction of a cent in many cases. |

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