Operator

Ladies and gentlemen, thank you for joining us, and welcome to Circle Internet Group's First Quarter 2026 Earnings Call. [Operator Instructions]

I will now hand the conference over to Scott Blair, Circle's Head of Strategic Finance. Scott, please go ahead.

Scott Blair

Thank you, operator, and good morning. I'd like to welcome you to Circle's First Quarter 2026 Earnings Conference Call. I'm Scott Blair, Circle's Head of Strategic Finance. I'm joined by Jeremy Allaire, our Co-Founder, Chief Executive Officer and Chairman; and Jeremy Fox-Geen, our Chief Financial Officer.

Earlier this morning, we posted our earnings press release and earnings presentation on the Circle Investor Relations website, investor.circle.com. A transcript of this call will be posted on that website once available. I need to remind everyone that our earnings press release, presentation and this call contain statements that are forward-looking. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond our control, you should not rely on these forward-looking statements as predictions of future events.

The events and circumstances reflected in our forward-looking statements may not be achieved or occur, and actual results could differ materially from