Company: CRCL
Filing Date: 2025-08-12
Form Type: S-1
Source: 0001193125-25-178989
Chunk: 124

Company: Circle Internet Group, Inc.
Filing Date: 2025-08-12
Form: S-1
Chunk 124
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 as of June 30, 2025. USDC in circulation has since grown by 6.4% to $65.2 billion as of August 10, 2025. We stand to benefit as the adoption of stablecoins and the internet financial system increase, due not only to the growth in**

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circulation of Circle stablecoins but also due to the Circle stablecoin network that we have developed. The following chart provides an overview of MeWs at quarter end for the periods presented. MeWs

|      |     | MeWs           
 (in thousands) |       |
| 1Q22 |     |                | 1,300 |
| 2Q22 |     |                | 1,620 |
| 3Q22 |     |                | 1,658 |
| 4Q22 |     |                | 1,759 |
| 1Q23 |     |                | 1,652 |
| 2Q23 |     |                | 2,296 |
| 3Q23 |     |                | 2,487 |
| 4Q23 |     |                | 2,780 |
| 1Q24 |     |                | 3,118 |
| 2Q24 |     |                | 3,363 |
| 3Q24 |     |                | 3,578 |
| 4Q24 |     |                | 4,264 |
| 1Q25 |     |                | 4,883 |
| 2Q25 |     |                | 5,660 |

**Expanding global awareness and distribution of USDC as a leading stablecoin network Access to the internet financial system transcends boundaries and borders. The growing international interest in both internet-based financial services broadly—and the Circle stablecoin network specifically—is a driver of our business. Our efforts to expand awareness and distribution of USDC follow a multi-pronged approach. We intend to continue expanding our global reach by obtaining regulatory licenses and registrations in additional jurisdictions, collaborating with strategic partners, and expanding our blockchain interoperability. We also intend to continue to invest in expanding awareness and distribution of Circle stablecoins in international markets, including through initiatives such as sponsored webinars, content sponsorship, event sponsorship, and traditional advertising (e.g., search engine marketing/retargeting), to further enhance our growth. Beyond our dedicated awareness initiatives, we continue to strive to make the Circle stablecoin network