{"content":"⚡ Circle Expands Power: Malachite Acquisition Fuels Arc Blockchain Vision USDC stablecoin issuer Circle made waves with its NASDAQ launch under the ticker CRCL. This move is part of a larger plan that involves creating the Arc Blockchain, a public stablecoin blockchain. On Monday, the business announced the acquisition of Malachite, a consensus engine that will help launch Arc1, an open Layer-1 (L1) blockchain network for stablecoin financing, later this year. Circle has noticed Malachite's consensus and verifiability efforts. A modular, accurate, and efficient Byzantine Fault Tolerant (BFT) consensus engine based on the Tendermint algorithm is included. Malachite's integration with Circle is expected to improve stablecoin-based payments' performance, dependability, and security. This synergy with Malachite's objective to create trustworthy, low-cost, and borderless financial infrastructure validates Circle's stablecoin innovation, as revealed. Ethan Buchman, CEO of Informal Systems, which created Malachite, said the purchase validated Malachite and its incubation strategy. He stressed that Malachite offers a “financial foundation for future development,” guaranteeing that their technology achieves mission-aligned goals. The Circle is cautious about expansion. This purchase comes as Circle's metrics are rising. Circle's Chief Financial Officer, Jeremy Fox-Geen, claimed a surge in institutional interest after the company's IPO and the GENIUS Act for a new stablecoin framework. USDC circulation surged by 90% from the previous year as of June 30, with the stablecoin issuer expecting 40% yearly growth. Circle reported a 53% YoY revenue rise of $658 million. This rise is mostly due to interest revenue from its USDC stablecoins' cash reserves and short-term investments. Circle reported a $482 million net loss due to IPO-related non-cash costs. Jeremy Allaire said Circle is cautious and methodical about purchases. I don't believe we should pursue massive, difficult acquisitions to expand business lines. #Circle #USDC #MarketPullback #Write2Earn ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/19/9b10e3a0236ae9d69b16c50f13ce4196.png"],"tags":[],"tradingPairs":["USDC/USDT"],"quotearticleid":0}