Discover Circle: A world leading internet financial platform company

Elizabeth, thanks so much for joining

us.

>> Hello. Hello. H

>> I'm excited to connect. It's been a

while. And we're going to talk about

Circle, one of the most innovative and

successful fintech companies out there.

So, let's unpack Circle. What does the

company do?

>> So, Circle is a company, a technology

company building uh the internet

financial system. We're basically

building a new economic operating system

where with the the currency layer being

USDC, the stable coin that we invented

in 2018. You know, we're essentially a

uh we're a a full stack platform and we

give financial institutions and

businesses and developers the tools to

make money work much much more

intelligently

because the infrastructure this is all

built on is open and programmable. And

it's really and it's built for for a

money movement. So just as the the way

to think about it is just as the

internet reshaped how the world

interacts with information circles

transforming what's possible with money

because that's never really been done

before. We don't really have a true form

of digital money. And while we also

built the largest regulated stable coin

network that's digital dollars in the

world, our ambitions transcend far

beyond just being a crypto company or a

stable coin issuer. um what we're really

doing is building a new economic

operating system uh that has never uh

existed before because it couldn't

because the technology wasn't wasn't

ready for it. And so whether it's a

central bank or a corner shop, Circle

connects the dots between all of that.

And we link banks and merchants and

internet platforms and asset managers

and governments into a single global

network of value that really fuses the

safeguards of traditional finance with

the programmability of the of the

internet.

>> Okay. So the IPO was back in June. What

what's next? What's next with Circle?

>> Uh well gosh, I mean I think what's

what's very exciting is that um you know

we are definitely entering or have

entered a a brand new chapter. uh we

were and in that respect it's not just

about being public but it's also about

having been primarily known as the

issuer of USDC

and now we're moving into a world of

building uh where people are starting to

recognize that we are essentially

creating the foundational infrastructure

layer of a new internet financial system

of a new economic operating system and

so uh if you think like for example

since we went public we recently

announced ARC which is a layer 1

blockchain That's which again the

blockchains are the highways over which

the money the stable coins uh travel. Um

it is designed specifically for

enterprise finance for developers and

real world economic activity. And that's

[clears throat] that's incredibly

exciting. That's that's a uh a

development that you know uh um that's

an announcement that we're very very

proud of and it's an example of the

direction of travel of the product suite

we're building out. Um and uh and so

[clears throat] when you think about

something like that, just diving into

that for a second, it really ARC

presents us with an opportunity for

every type of company to build on

enterprisegrade network infrastructure.

We're really building enterprisegrade

network infrastructure here, which is

advancing this kind of shared vision

that a much more open, inclusive, and

efficient global economic system can be

built natively on the internet

consistent with our with our mission. So

whether it's the Genius Act passing,

whether it's ARC, whether it's uh Circle

Payments Network, which we talked about

earlier uh this year uh since we went

public, um our momentum is really

accelerating from you know global

partnerships to new product lines that

bring you know stable value and

programmable payments to million

literally millions of people uh

worldwide. So we have a very bright

future ahead of us. Um, and uh, but we

very much see this as a as a whole new

chapter and kind of that we're only at

the beginning of.

>> All right. So, the the culture at at

Circle, what's it like working there?

What's the day-to-day culture like?

>> I am so proud of our culture. I I am

like beyond proud of our culture. We

have [clears throat] we have our mission

which is kind of at the heart of

everything we do. And around that, we

have values which we um which we embrace

uh and evaluate people's performance on

as well. Um, and they include uh values

such as high integrity. That won't

surprise you given we're handling money.

Um, multistakeholder. So that's about

you're thinking not just about uh

employees and shareholders, but you're

thinking about their families, you're

thinking about the customers, you're

thinking about the customers customers,

you're thinking about the entire

anywhere money flows and whoever it

impacts, you're thinking about them. Uh

uh and so forth. So we've got a set of

uh we've also got uh uh one that we

recently put in related to embracing uh

technology and uh specifically uh AI to

see how we can to enable us to iterate

even faster than we already are. Um so

the culture is one of deep respect. We

we absolutely uh encourage debate and um

and uh constructive feedback, but we ask

that it's it's not but it's very

important that it's done respectfully.

Um because if people don't treat each

other respectfully, then they tend to

turn each other off and then you're

literally just wasting time. So start

from a position of respect and trust and

then give, you know, the candid feedback

uh within that perimeter. It's amazing

how much more willingly the person on

the other end receiving the feedback

will will will receive it so that

everyone realizes they're all part of

the exact same team. So it's a very we

work very hard. We iterate very quickly.

Uh we are a globally distributed

workforce. So um FaceTime in these kinds

of environments we we you know really

ask that everybody has their video on so

they can see each other. We encourage

because it's remote first, we um

encourage team leaders to have in-person

uh meetings. So, we have um uh budget

set aside that we're not spending on

real estate, for example, to encourage

teams to meet in um convenient locations

to have team meetings for, you know, two

or three days every now and again so

that they're actually interacting in

person because we believe that's

important. Um but it's a very you know

we we work very hard here and we have a

lot of respect for each other and I

think there are I would say the major

far majority of the employee population

is here because of the mission we're on

and what they also agree we can build

with it. So we're an incredibly

missional aligned um uh uh missiondriven

um employee base.

>> All right. So top tier talent they

always have options regardless of market

conditions. So, why is now the ideal

time to join Circle?

>> I, you know, there's there's uh there's

so many ways I can answer this. I think

it's now's the ideal time because,

you know, way back at the beginning, we

were kind of sort of imagining what

could be. Now, we're beyond that. We're

not just imagining what an onchain

financial system could look like, a new

economic operating system could look

like. We are literally in the middle of

building it. And um and so that is a

fact and and so anyone joining now

doesn't have to worry about is this

real? No, this is very real and what