Company: CRCL
Filing Date: 2025-02-13
Form Type: DRS/A
Source: 0000950123-25-001965
Chunk: 24

Company: Circle Internet Group, Inc.
Filing Date: 2025-02-13
Form: DRS/A
Chunk 24
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 of organizations to benefit from stablecoins and the new internet financial system. Through our partners and the broader ecosystem that supports and integrates to the Circle stablecoin network, we touch tens of millions of end-users around the world. While we do not provide direct services to individuals (other than by redeeming USDC and EURC in our role as the redeemer of last resort), the Circle stablecoin network is one of the most widely used on the internet—as of December 31, 2024, USDC has been used for approximately $19.9 trillion in on-chain transactions. The Circle stablecoin network

| • |     | Circle stablecoins. At the foundation of the Circle stablecoin network are the USDC and EURC payment                                                                                                                                                   
 stablecoins. USDC and EURC are digital currency tokens issued natively on blockchain networks and backed by reserves consisting of highly liquid, price-stable cash and cash equivalents. USDC and EURC are redeemable on a one-for-one basis for U.S. 
 dollars and euros, respectively, directly from us by Circle Mint customers (see “—Our platform, products, and ecosystem—The Circle stablecoin network—Circle Mint” for information about Circle Mint, which is a service                               
 offering that is available only to institutions) as well as by end-users that are not Circle Mint customers in our role as the redeemer of last resort (see “Glossary—The issuers of Circle stablecoins”). In addition, all end-users can              
 sell or exchange USDC and EURC in the secondary market. USDC and EURC enable end-users to store value in a digital form and to transact over blockchain networks, allowing for near-instant settlement, at a very low cost, with the reach of the      
 internet. USDC and EURC are regulated as stored-value instruments under FinCEN money services businesses regulation and state money transmission laws in the United States and as electronic money tokens in Europe.                                   |

We believe Circle stablecoins have consistently set a standard for transparency, liquidity, and technological innovation. They are exclusively issued by Circle and are directly obtainable through Circle Mint, which is available only to institutions (see “—Circle Mint” for information about Circle Mint). Circle stablecoins are also distributed and made widely available through hundreds of different retail and institutional products around the world. They can also be stored in digital asset wallets without necessarily having an account directly with us. See “—Our ecosystem” for more details.

| • |     | Reserve management infrastructure.