Company: CRCL
Filing Date: 2025-04-01
Form Type: CORRESP
Source: 0000950103-25-004232
Chunk: 1

Company: Circle Internet Group, Inc.
Filing Date: 2025-04-01
Form: CORRESP
Chunk 1
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 Company respectfully advises the Staff that the
Company has revised the disclosures on pages 99, 114, and F-16 of the Registration Statement to further clarify the accounting for the
use of corporate-held stablecoins.

| Division of Corporation Finance         
 U.S. Securities and Exchange Commission |

| 2. | We note your response to prior comment 6 and that you present a statement of assets and liabilities and a related schedule of investments       
 only as of April 30, 2024 and a statement of operations only for the year then ended. As it appears from the information in your filing         
 that the Circle Reserve Fund would meet the Rule 1-02(w) of Regulation S-X investment and/or income test at the 20% significance level          
 as of December 31, 2023 as stipulated in Rule 3-09(b) of Regulation S-X, please revise your filing to also provide audited financial statements 
 of the Circle Reserve Fund as of and for the period from commencement of operations through April 30, 2023. Otherwise explain why these         
 financial statements are not required.                                                                                                          |

Response: The Company has revised the Registration Statement
to include audited financial statements of the Circle Reserve Fund as of and for the period from commencement of operations through April
30, 2023.

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Please do not hesitate to contact me at (212) 450-4674 or richard.truesdell@davispolk.com
or Daniel P. Gibbons at (212) 450-3222 or dan.gibbons@davispolk.com if you have any questions regarding the foregoing or if we can provide
any additional information.

Very truly yours,
/s/ Richard D. Truesdell, Jr.

CC: Jeremy Allaire
Heath Tarbert

Sarah K. Wilson

Circle Internet Group, Inc.

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