Company: CRCL
Filing Date: 2025-04-01
Form Type: S-1
Source: 0001193125-25-070481
Chunk: 187

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-01
Form: S-1
Chunk 187
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 shared seamlessly and virtually instantly on a peer-to-peer basis, obviating the need for intermediaries, lengthy settlement times, and transaction costs. While                                                                                    
 international payments are a necessary component of all international trade, demand for cross-border transactions within, to, and from emerging markets is particularly notable. We believe that the Circle stablecoin network has the potential to 
 disrupt the international remittances and cross-border payments market. According to McKinsey’s 2024 Global Payments Report, annual international remittances and cross-border payments revenue stood at approximately $288 billion in 2023.        |

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| • |     | Digital assets:  As of December 31, 2024, the market capitalization of all tracked digital assets                                                                                                                                                       
 was $3.3 trillion, according to CoinMarketCap. We anticipate the role of digital assets in the broader financial ecosystem will continue to grow, with the tokenization of traditional assets (including TMMFs) and new digital-only assets in areas    
 as diverse as gaming, loyalty rewards, private equity, and even the credit markets. As tokenization continues to scale, trading and usage of digital assets will be an increasingly fundamental use case for the Circle stablecoin network. As the      
 largest regulated payment stablecoin by the amount of stablecoins in circulation, we believe USDC will become the preferred medium through which to buy, sell, and trade digital assets, enabling us to take advantage of a sector that we believe will 
 grow considerably in the future.                                                                                                                                                                                                                        |

| • |     | New forms of commerce and finance enabled by programmable money:  The capability to program the behavior of                                                                                                                                                                                                                                                         
 digital money using smart contracts fundamentally changes how market participants can conduct digital commerce. For example, smart contracts can improve the speed and transparency of every step in a commercial value chain, deliver new forms of                                                                                                                 
 adaptive loyalty and rewards for retail purchasers, and support expansion in models for flexible work and labor support for businesses of all sizes. For financial institutions, programmable money promises to unlock new utility for end-customers, provide more targeted and just-in-time finance, improve risk management, and provide greater observability to 
 compliance, audit, and regulatory functions.                                                                                                                                                                                                                                                                                                                        |

| • |     | Consumer payments:  Just as global consumers use the internet to share information, the internet financial                                                                                                                                         
 system will enable consumers to use the internet to transfer money—in traditional and newly programmable ways—at lower costs and quicker speeds, and with greater access.