Circle Internet Financial has addressed concerns about the collapse of FTX, emphasizing its lack of material exposure to FTX, Alameda, or their affiliates, and highlighting its commitment to customer safety and security. Despite the uncertainty in the digital asset ecosystem triggered by FTX's downfall, Circle reassures its partners of its strong financial position and adherence to high standards of financial, security, operational, and compliance controls as it moves towards becoming a public company. Circle underscores the stability of its USDC stablecoin, redeemable 1:1 for U.S. dollars, even during market stress, and points to the Circle Reserve Fund managed by BlackRock for added transparency and security. The company continues to engage with policymakers and regulators to uphold strong industry standards while maintaining open communication with its customers during this challenging period.