Coinbase has taken another step toward boosting cross-chain utility by introducing wrapped versions of XRP and Dogecoin on its Layer 2 network, Base.
The new tokens—cbXRP and cbDOGE—are fully backed by their original counterparts and aim to unlock broader functionality in decentralized finance.
The move marks the official launch of Coinbase’s plan to bring select major cryptocurrencies into the Base ecosystem. With this update, users can now interact with DeFi applications using XRP and DOGE without leaving the network.
A spokesperson from Base highlighted that the initiative is part of a broader push to simplify participation in the on-chain economy. “Our goal is to make digital assets more accessible through an open and permissionless environment,” they said.
Coinbase also confirmed that wrapped versions of Litecoin (cbLTC) and Cardano (cbADA) are still in development and expected to be added to the Base platform soon.
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Coinbase has taken another step toward boosting DeFi participation by launching wrapped versions of Cardano and Litecoin on its Base Layer 2 network.