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🚀 CIRCLE SUMMARY MALACHITE – PREPARING TO LAUNCH BLOCKCHAIN ARC
Circle – the "giant" behind USDC worth 65 billion USD – has just acquired Malachite, a consensus tool developed by Informal Systems, to strengthen the upcoming Arc blockchain.
⭐ Highlights of the transaction:
🟢Circle does not disclose the buyback value.
🟢9 personnel from Informal Systems will join Circle.
🟢Malachite remains open source (Apache 2.0), continuing to allow the community to develop.
🟢Arc is designed as a layer 1 blockchain focused on stablecoins & cross-border payments.
🟢 The deal took place just a week after Circle announced plans to build its own blockchain, amid the backdrop of stablecoins increasingly becoming a "golden land" with hopes of a trillion-dollar market.
🟢 Malachite is based on the Tendermint algorithm, optimizing performance – security – flexibility, and promises to be a solid foundation for Arc to compete with other digital financial blockchains.
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➡️ Update crypto market information at: