ChainCatcher news, according to Informal Systems, it was announced today that its high-performance consensus engine Malachite has been acquired by the global fintech company Circle Internet Group (CRCL) to support the launch of the Layer-1 blockchain network Arc, specifically designed for stablecoin finance.

Circle's integration of Malachite will enhance the performance, reliability, and security of stablecoin payments, further realizing the vision of a low-cost, borderless, and trusted financial infrastructure. The Malachite codebase will continue to be maintained under the Apache 2 open-source license, ensuring ongoing innovation in the industry.