Circle Internet Financial has maintained a strong financial position amidst the fallout from the FTX bankruptcy, with minimal exposure to both FTX and Genesis, reinforcing its stability and commitment to transparency. Despite market volatility, Circle's USD Coin (USDC) has seen increased circulation, reflecting public trust in its fully-reserved and regulated approach, with USDC remaining redeemable 1:1 for U.S. dollars and backed by U.S. Treasuries and cash held in segregated accounts. The company underscores its adherence to high standards of financial, security, and compliance controls, and its financial statements, available publicly, demonstrate profitability and a positive cash flow. Circle has suspended services with FTX and Alameda due to recent events and maintains overcollateralized customer loans through Genesis, further ensuring the security of its operations. As Circle continues to build on its operations and advocate for consumer protection and responsible innovation, it remains committed to transparency and public scrutiny, aiming to enhance the safety and inclusivity of blockchain-based financial infrastructure.