Ethena, Securitize Target Q2 Mainnet Launch for RWA-Focused Blockchain, Tap Arbitrum, Celestia

Ethena and Securitize are launching the Converge blockchain, leveraging Arbitrum's technology and Celestia's data availability to connect tokenized real-world assets with decentralized finance (DeFi). Set to debut on testnet soon and mainnet by Q2 2024, Converge will enable fast transactions using stablecoins USDe and USDtb for gas fees. It aims to create a secure environment for both permissioned and permissionless applications, backed by a dedicated Validator Network. This initiative is poised to drive significant institutional investment into on-chain assets, reshaping the DeFi landscape. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk