Analyst Spotlight USDC Overview

Stablecoins are only as successful as their adoption and integrations. Circle’s USDC has seen broad adoption across blockchains and plays a
critical role in financial markets. USDC’s widespread distribution, footprint in retail and institutional markets, and integration with DeFi
applications all contribute to its success as an asset bridging on-chain and traditional payment rails. Circle’s regulatory alignment with
forthcoming stablecoin legislation and symbiotic relationship with Coinbase differentiate USDC from other stablecoins, driving trust and
utility across platforms. Whether held in DeFi apps on Ethereum or in Coinbase accounts, USDC enables seamless movement between
traditional financial rails and blockchains.