The post Circle Acquires Malachite for Arc L1 Blockchain appeared on BitcoinEthereumNews.com. Quick Highlights Circle will use Malachite to build Arc L1, a blockchain for stablecoin finance. The open-source Malachite engine aims to boost security and performance. Several Informal Systems employees will join Circle’s blockchain team. Circle Acquires Malachite to Power Arc L1 Circle, the issuer of the USDC stablecoin, has announced the acquisition of the Malachite consensus engine from developer Informal Systems.The technology will be the base for the new Arc L1 blockchain which is focused on stablecoin-based financial infrastructure and high-performance digital payments. The press release indicates that the integration of Malachite will enhance the performance, reliability and security of stablecoin transactions while reinforcing Malachite’s mission to build trusted, accessible and decentralized financial systems. Arc L1 blockchain is also expected to support modular architecture and interoperable solutions for developers building Web3 payment applications. What is Arc Blockchain for Stablecoins. Image Source: c-sharpcorner The Malachite repository will stay open-source under the Apache 2.0 license to keep the industry able to access it and to encourage more innovation, the statement said. The codebase will receive ongoing support from developers and institutions which will drive the advancement of digital finance network standards. Strategic Shift & Talent Integration Informal Systems CEO Ethan Buchman said: “This acquisition is a strong validation of Malachite and of our incubation model,” said Ethan Buchman, CEO at Informal Systems. “Circle’s adoption of Malachite provides a high-impact use case, a robust financial foundation for future development, and ensures our technology contributes to meaningful, mission-aligned outcomes.” As part of the agreement, several Informal employees will move to Circle to help develop Arc L1.Informal will continue supporting Malachite in other areas and will collaborate with ecosystem partners on new blockchain-based infrastructure projects, including those in DeFi, custody, and interoperability. The Arc platform plans to start its testnet operations in 2025 while developing… The post Circle Acquires Malachite for Arc L1 Blockchain appeared on BitcoinEthereumNews.com. Quick Highlights Circle will use Malachite to build Arc L1, a blockchain for stablecoin finance. The open-source Malachite engine aims to boost security and performance. Several Informal Systems employees will join Circle’s blockchain team. Circle Acquires Malachite to Power Arc L1 Circle, the issuer of the USDC stablecoin, has announced the acquisition of the Malachite consensus engine from developer Informal Systems.The technology will be the base for the new Arc L1 blockchain which is focused on stablecoin-based financial infrastructure and high-performance digital payments. The press release indicates that the integration of Malachite will enhance the performance, reliability and security of stablecoin transactions while reinforcing Malachite’s mission to build trusted, accessible and decentralized financial systems. Arc L1 blockchain is also expected to support modular architecture and interoperable solutions for developers building Web3 payment applications. What is Arc Blockchain for Stablecoins. Image Source: c-sharpcorner The Malachite repository will stay open-source under the Apache 2.0 license to keep the industry able to access it and to encourage more innovation, the statement said. The codebase will receive ongoing support from developers and institutions which will drive the advancement of digital finance network standards. Strategic Shift & Talent Integration Informal Systems CEO Ethan Buchman said: “This acquisition is a strong validation of Malachite and of our incubation model,” said Ethan Buchman, CEO at Informal Systems. “Circle’s adoption of Malachite provides a high-impact use case, a robust financial foundation for future development, and ensures our technology contributes to meaningful, mission-aligned outcomes.” As part of the agreement, several Informal employees will move to Circle to help develop Arc L1.Informal will continue supporting Malachite in other areas and will collaborate with ecosystem partners on new blockchain-based infrastructure projects, including those in DeFi, custody, and interoperability. The Arc platform plans to start its testnet operations in 2025 while developing…