Company: CRCL
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001193125-25-070481
Chunk: 24

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 24
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 we have sought to engage                                                                                                                            
 constructively with policymakers and regulators worldwide, and today invest considerable resources in engaging with these communities as new and robust regulations and laws are put in place for the digital assets ecosystem. |

| • |     | Promoting open standards.  We are committed to driving stablecoin adoption through the promotion of                                                                                                                          
 open standards to improve interoperability and compliance for stablecoin applications. This includes new non-profit open-source foundations we are forming to promote standards in digital identity, global                  
 standards for implementing compliance with the global Travel Rule (which is a key anti-money laundering (“AML”)/countering the financing of terrorism (“CFT”) rule to prevent illicit activity with virtual assets), and new 
 open-source standards aimed at promoting the use of stablecoins within blockchain-based credit and lending applications.                                                                                                     |

Market opportunity We view the market opportunity of the Circle stablecoin network as encompassing the entire global monetary supply. This opportunity is expected to grow considerably as developing nations increasingly participate in the globally interconnected financial marketplace. Further, by removing layers of friction inherent in the current financial services ecosystem, we believe the internet financial system has the potential to grow the speed and efficiency at which money is used and transacted at an exponential rate, just as the internet facilitated the explosive growth of the exchange of global information and data. In the United States, the velocity of M2 money stock was 1.39 for the fourth quarter of 2024, according to the Federal Reserve Bank of St. Louis. We believe an internet-native U.S. dollar can increase the velocity of M2 money stock, resulting in a corresponding increase in total value of transactions and gross domestic product (“GDP”).

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Our platform, products, and ecosystem

We operate one of the largest and most widely used stablecoin networks in the world. Anchored around USDC, our U.S. dollar-denominated payment stablecoin, our suite of
stablecoins and related products together provide a network utility and application platform for a wide range of organizations to benefit from stablecoins and the new internet financial system. Through our partners and the broader ecosystem that
supports and integrates into the Circle stablecoin network, we touch more than 600 million users around the world as of March 28, 2025. 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