CircleInternetGroup

Circle Internet Group acquires Malachite consensus engine!
According to BlockBeats, Informal Systems has announced the sale of its high-performance Malachite consensus engine to global financial company Circle Internet Group (CRCL).
The purpose of the acquisition is to support the launch of Arc, a second-layer blockchain network focused on finance with stablecoins.
The integration of Malachite is expected to increase the performance, reliability, and security of transactions, making the financial infrastructure faster and more accessible to users around the world
Important: Malachite's code base will remain open under the Apache 2.0 license, encouraging further innovation in the blockchain ecosystem.
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#CircleInternetGroup
— is the company behind USDC (USDC), the second largest stablecoin in circulation, with a market capitalization of $61.4 billion and $61.2 billion in circulation.

USDC is a stablecoin pegged to the dollar with reserves in US dollars at a 1:1 ratio. It is widely used for payments, DeFi applications, and cross-border transfers. In October 2013, Jeremy Allaire and Sean Neville co-founded Circle Internet Group, Inc.

Notably, Coinbase, in partnership with Circle, launched USDC through the Central Consortium, enhancing trust in the coin and strengthening its adoption.$USDC