Company: CRCL
Filing Date: 2025-05-16
Form Type: S-1/A
Source: 0001193125-25-121234
Chunk: 35

Company: Circle Internet Group, Inc.
Filing Date: 2025-05-16
Form: S-1/A
Chunk 35
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ively, these consumer applications reach hundreds of millions of end-users, and provide a primary means to hold and use USDC. Examples include products from Coinbase, Robinhood, MetaMask, 
 Mercado Libre, Nubank, Coins.ph, and GCash.                                                                                                                                                                                                              |

| • |     | Traditional Exchanges. While nascent, Circle is exploring use cases for USDC in traditional                                                                                                                                                               
 exchange venues and clearing houses. In February 2025, we entered into a memorandum of understanding with ICE, where we agreed to explore (i) collaborating on certain market activities to promote Circle stablecoins, USYC, and related products within 
 ICE’s trading, clearing, and data ecosystem, (ii) integrating Circle stablecoins and USYC as collateral, settlement, and co-branded exchange traded products across ICE’s capital and derivative markets, and (iii) developing co-branded                 
 trading and investment products.                                                                                                                                                                                                                          |

| • |     | Custodians. Most major corporate and institutional end-users of stablecoins seek to store and custody their                                                                                                                                              
 USDC with sophisticated digital asset custody providers, many of whom are regulated as digital asset custody firms under various state and national regulatory and supervisory arrangements around the world. Leading digital asset custodians including 
 Anchorage Digital, BitGo, Coinbase, Fireblocks, and Copper provide robust support for USDC and the Circle stablecoin network infrastructure.                                                                                                             |

| • |     | Blockchain networks. Core blockchain network infrastructure is crucial for operating the Circle stablecoin                                                                                                                                             
 network, and through native support for 20 blockchains, we enable developers and customers to integrate and use USDC within a wide array of wallets and products that are built on these blockchain networks. Blockchains with native support for USDC 
 include Algorand, Aptos, Arbitrum, Avalanche, Base, Celo, Ethereum, Hedera, Linea, NEAR, Noble, OP Mainnet, Polkadot, Polygon PoS, Solana, Sonic, Stellar, Sui, Unichain, and ZKsync, with more expected in the future.                                |

| • |     | Blockchain protocols. Most blockchain networks support developing and deploying smart contracts that can act                                                                                                                                          
 as onchain protocols. These protocols can offer a wide array of building blocks for financial and commercial applications, such as exchange, lending, invoice payments, micro-payments, treasury management, and more. Leading protocols that support 
 USDC and the Circle stablecoin network include