Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 195

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 195
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 is the ability to write and deploy code that automates interactions with digital assets,
including stablecoins, using smart contracts. Smart contracts open up the programmability of money, introducing innovations in how commercial and financial contracts can be used online, and extending into many new use cases for using digital tokens
in consumer and enterprise applications.

Writing smart contracts is a new and complex form of computer programming, and one that introduces profound new security
and operational risks—code that handles the storage and transfer of digital value is a frequent target for hackers and other illicit actors. Additionally, writing smart contracts that can work across different blockchain networks introduces yet
more complexity. Finally, safely deploying and managing smart contracts on blockchain networks introduces production and operation hurdles that are largely unfamiliar to existing IT and information security professionals.

To address these issues, we introduced SCP, which empowers developers to integrate and build with smart contracts without needing to learn a new coding language, and by
reusing existing smart contract templates for the most common tasks and application types. SCP also streamlines the deployment, monitoring, and administration of smart contracts across multiple different blockchain networks.

When combined with Programmable Wallets, our SCP unlocks the creativity of developers to safely build highly sophisticated applications, while also giving them access to
libraries of out-of-the-box smart contract templates that are common to payment applications using USDC, as well as other popular
features such as issuing and managing NFTs. Combined, these offerings also enable financial services firms to more easily build “tokenization” applications for existing financial assets, and integrate those into their existing online
products.

Circle Gas Station

To streamline both developer and end-user experiences of Web3 Apps, we offer Circle Gas Station service, which enables application developers to remove the need for end-users to pay gas fees for using
blockchain applications. This allows end-users to simply interact with apps (i.e., make and receive stablecoin payments) without ever knowing they are using a blockchain or what a gas fee even represents.
Circle Gas Station allows developers to set policies for fees and limits, and if fees need to be paid by end-users, it allows those fees to be paid entirely in USDC, removing friction typically associated with using blockchain applications. Behind
the scenes, we automatically handle the integration with blockchain networks and the underlying gas fee infrastructure on behalf of developers.

Collectively,
our Web3 Services provides a powerful suite of products for building consumer-scale applications on blockchains. These applications are optimized for using USDC and the Circle stablecoin network. They help to