Circle Acquires Malachite to Power Its New Arc Blockchain

Circle has acquired Malachite, a high-performance consensus engine developed by Informal Systems, to power its upcoming Arc Layer-1 blockchain. This strategic move significantly enhances Circle’s stablecoin infrastructure and positions it for continued growth in the USDC market. The acquisition is expected to bolster Circle’s stablecoin offerings and solidify its position as a leading force in decentralized finance.