Arbitrum Unveils Converge: Revolutionizing DeFi and RWAs

Arbitrum, a leading layer-2 scaling solution for Ethereum, has launched Converge, a groundbreaking new chain designed to revolutionize decentralized finance (DeFi) and Real-World Assets (RWAs). Built by Ethena Labs and Securitize, Converge leverages the underlying infrastructure of Celestia for enhanced security and scalability. This launch aims to bring $7 billion in dollarized assets like USDe and BlackRock BUIDL into DeFi. ]