Circle Internet Financial has reaffirmed its strong financial position and commitment to transparency amid recent economic challenges, including sharp declines in digital asset values and high inflation rates. Despite these difficulties, Circle views the market turbulence as an opportunity for long-term growth, underscoring the importance of its regulated, fully-reserved model that has ensured the stability of USD Coin (USDC). The company has successfully raised significant capital, established strategic partnerships with institutions such as Worldpay, BNY Mellon, and BlackRock, and has more than doubled the circulation of USDC to $55 billion. Circle emphasizes its dedication to safety and transparency by maintaining USDC reserves in short-duration U.S. Treasuries and cash, audited annually and published monthly to confirm reserves. The company continues to prioritize regulatory engagement and aims to minimize risks for USDC holders, with reserves protected by U.S. laws and regulations.