$CRCLX August 18, Informal Systems announced today that its high-performance consensus engine Malachite has been acquired by global fintech company Circle Internet Group (CRCL) to support the launch of Arc, a Layer-1 blockchain network designed specifically for stablecoin finance. The integration of Malachite will enhance the performance, reliability, and security of stablecoin payments, furthering the vision of a low-cost, borderless, trusted financial infrastructure. The Malachite codebase will continue to be open source under the Apache 2.0 license, ensuring ongoing industry innovation.