Circle Internet Group

Circle Internet Corp., a cryptocurrency issuer, is best known for USDC, its U.S. dollar-denominated stablecoin. The company operates one of the largest and most widely used stablecoin networks globally. Centered around USDC, Circle's suite of stablecoins and related products serves as a utility network and application platform, enabling a broad range of organizations to benefit from the use of stablecoins and the emerging internet financial system. Through its partners and the broader ecosystem that supports and integrates with the Circle stablecoin network, the company reaches more than 600 million users worldwide as of March 28, 2025. Although Circle does not provide direct services to individuals—except by redeeming USDC and EURC in its role as the redeemer of last resort—the Circle stablecoin network remains one of the most widely used on the internet. As of March 28, 2025, USDC has facilitated over $25 trillion in on-chain transactions. According to a founder’s letter included in the company’s prospectus, co-founder and CEO Jeremy Allaire stated that Circle is now a globally recognized and respected brand, known for its integrity and transparency, and regarded as both a leader and advocate in the development of the internet financial system. Since its launch in 2018, USDC has become the core of the Circle stablecoin network, having been used in over $25 trillion worth of on-chain transactions as of March 2025. Millions of end-users utilize USDC for payments, settlements, and as a digital dollar store of value. Thousands of companies and developers have integrated with USDC, contributing to a dynamic and growing ecosystem. Major payments providers, enterprise technology firms, consumer internet applications, fintech companies, and digital asset platforms all leverage Circle’s technology to build and power solutions based on USDC.