US EditionStablecoin News: Circle (CRCL) Acquires Malachite to Power Its Upcoming Blockchain Arc
Circle acquired Malachite to build Arc, a layer-1 blockchain for stablecoin finance, aiming to reduce platform dependence and leverage a $61.3 billion USDC stablecoin market, Circle said.
- Circle Internet Group, Inc. announced on August 12, 2025, that it acquired Malachite, a consensus engine developed by Informal Systems, to power its upcoming Layer-1 blockchain Arc.
- This acquisition came as part of Informal Systems' strategy to spin out incubated projects and aligns with Circle's expanding footprint following its $1.05 billion IPO in June 2025.
- Arc, described as a stablecoin-focused blockchain, will launch its public testnet later this year with Fireblocks providing custody and compliance support for institutional clients.
- Circle reported $658 million in Q2 2025 revenue, with USDC stablecoin circulation growing 90% year-over-year and reaching over $65 billion by early August.
- The acquisition strengthens Circle’s technology base for stablecoin finance and reflects commitment to mission-aligned outcomes while Informal continues supporting Malachite’s open-source use under Apache 2.0 license.
14 Articles
14 Articles
Stablecoin News: Circle (CRCL) Acquires Malachite to Power Its Upcoming Blockchain Arc
Stablecoin issuer Circle (CRCL) has acquired Malachite, the consensus engine that is set to underpin payments-focused blockchain Arc, from software development firm Informal Systems, according to a Monday press release.Several people from Informal Systems will join Circle as part of the acquisition. The firms didn't reveal details about pricing.The deal comes as Circle, the company behind the $65 billion USDC (USDC) token, announced last week it…
PR Newswire
Informal Systems Announces Malachite Acquisition by Circle to Power New Arc Blockchain Network
/PRNewswire/ -- Informal Systems, a leader in blockchain infrastructure and protocol design, announced on August 12 that its high-performance consensus engine,...
Informal Systems’ Malachite Acquired by Circle to Power New Arc Blockchain Network for Stablecoin Finance - Coin Surges
Informal Systems has announced the acquisition of its high-performance consensus engine, Malachite, by Circle Internet Group, Inc. (NYSE: CRCL) to support the launch of Arc1, a new Layer-1 blockchain network designed specifically for stablecoin finance. The Arc network is set to debut in testnet later this year, leveraging Malachite’s Byzantine Fault Tolerant (BFT) consensus engine, […] Read Entire Article The post Informal Systems’ Malachite Ac…
Circle Acquires Malachite to Power Arc Blockchain
Circle, the company behind the USDC stablecoin, has announced the acquisition of Malachite, a consensus engine created by Informal Systems. The deal includes Malachite’s technology, its intellectual property rights, and the transfer of nine employees from Informal Systems to Circle’s workforce. This acquisition comes at a time when Circle is advancing its plans to launch Arc, its own layer-1 blockchain network designed to streamline stablecoin p…
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