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Attempting to expand decentralized finance (DeFi) access across blockchains, Coinbase is preparing to launch wrapped versions of XRP, Cardano (ADA), Dogecoin (DOGE), and Litecoin (LTC) on its Ethereum Layer 2 network, Base.
These new wrapped tokens, to be designated cbXRP, cbADA, cbDOGE, and cbLTC, are designed to bridge these non-EVM chain assets to Base’s DeFi ecosystem, which holds over $3.6 billion in total value locked.
cbADA, cbDOGE, cbLTC, cbXRP coming soon.
— Coinbase Assets
These assets are not yet live or available. We will announce their launch at a later date.(@CoinbaseAssets) May 13, 2025
While the tokens aren’t live yet, Coinbase has confirmed their imminent arrival and issued official contract addresses to prevent users from falling for scams or imposters. This move mirrors Coinbase’s earlier success wit…
The post Coinbase Bridges Assets to Base DeFi with cbXRP cbADA cbDOGE cbLTC appeared first on Coin Edition.
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