Circle Internet Group (CRCL) investor relations material

Arc launch and monetization

• Arc Mainnet launched one week before the conference, with support and day-one integrations across major exchanges, wallets, custodians, market makers and financial infrastructure firms; network value was approaching $1B.

• The network’s latest fully diluted value was $3B; Circle held a 25% stake, and the first week generated ~ $500,000 in USDC transaction fees.

• Revenue opportunities include network fees, future proof-of-stake rewards, and fees from kits, protocols and services; tokenized securities could also drive USDC use for trading, settlement and on-chain lending.

• Management identified app development, repeat usage, transaction growth, liquidity and capital-markets activity as key indicators to monitor in the coming weeks and months.

Payments expansion and distribution

• The proposed Tazapay acquisition is intended to expand CPN’s emerging-market origination and payout capabilities, especially across Asia, through added institutional relationships, licenses, product execution and operational support.

• Tazapay closing remains subject to conditions, including regulatory change-of-control approval; CPN progress will continue to be shared quarterly.

• A new five-year Binance deal includes a $100M investment; Binance and Trust Wallet were estimated to handle 70% of dollar-stablecoin payment volume, with management targeting growth and USDC share gains.

• Distribution incentives may reduce near-term RLDC margin but are intended to expand network effects and grow higher-margin unincentivized USDC; management said USDC activity and balances do not drive OpEx.

Regulation and USDC adoption

• The GENIUS Act is scheduled to take effect January 17, 2027; management expects FASB treatment of qualifying stablecoins as cash and cash equivalents to support corporate and financial-institution use.

• Management said leading banks, capital-markets firms, securities issuers, payment providers, technology firms and commerce companies are evaluating legal digital dollars for products in 2027.

• USDC transaction volume can grow faster than circulation as low-cost digital money circulates more frequently; management sees potential to capture working-capital demand over time.

• Management described stablecoins as a winner-take-most market likely to have three to five major players; Visa data showed USDC at 70% of transaction utility market share at end-June.