Circle acquires high-performance consensus engine Malachite to support its Arc Network

According to Jinse Finance, Informal Systems announced today that its high-performance consensus engine, Malachite, has been acquired by global fintech company Circle Internet Group (CRCL). Malachite will be used to support the launch of Arc, a Layer-1 blockchain network specifically designed for stablecoin finance. Circle’s integration of Malachite will enhance the performance, reliability, and security of stablecoin payments, further advancing the vision of a low-cost, borderless, and trusted financial infrastructure. The Malachite codebase will remain under the Apache 2.0 open-source license, ensuring ongoing industry innovation.