Arc1

⚡ Circle Expands Its Power: Malachite Joins the Arc Blockchain Vision

Circle (NASDAQ: $CRCL), the issuer of USDC, is moving beyond stablecoin issuance and into blockchain infrastructure. The company just acquired Malachite, a cutting-edge BFT consensus engine based on Tendermint, to power its upcoming Arc1 Layer-1 blockchain.

🔹 Arc1 will serve as a public stablecoin-focused network, designed to enhance payment performance, security, and global financial accessibility.
🔹 Malachite’s modular consensus aligns perfectly with Circle’s mission of creating borderless, low-cost, and reliable financial rails.
🔹 Circle CFO Jeremy Fox-Geen revealed USDC circulation is up 90% YoY, with 40% annual growth expected.
🔹 Despite reporting a net loss from IPO-related costs, Circle’s revenue surged 53% YoY to $658M, driven by yield from USDC reserves.

CEO Jeremy Allaire emphasized Circle’s cautious and methodical growth strategy, focusing on strengthening stablecoin infrastructure rather than chasing “massive, difficult acquisitions.”

Circle is no longer just about USDC—it’s building the financial foundation for the next era of digital money. 🌐💵

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