Cardano Goes Cross-Chain as Coinbase Launches Wrapped ADA on Base

Coinbase is bringing Cardano into the DeFi fast lane. The U.S.-based exchange has launched cbADA, a wrapped version of Cardano’s native ADA token, on the Ethereum Layer 2 network Base. The move allows ADA holders to access a wide array of decentralized finance protocols traditionally out of reach for the Cardano ecosystem. https://twitter.com/CoinbaseAssets/status/1937905851408269710 The cbADA token is fully backed 1:1 by ADA held in Coinbase custody, with the exchange providing transparent proof of reserves (PoR).  Wrapped ADA Unlocks DeFi on Ethereum Layer 2 With cbADA, which now comes in a compatible ERC-20 standard, users can lend, trade, and provide

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