Coinbase, the largest US cryptocurrency exchange, has made unexpected announcements to Cardano (ADA), Dogecoin (Doge), Litecoin (LTC) and Ripple (XRP) in the past few months.
Therefore, the exchange announced CBADA, CBDOGE, CBLTC, and CBXRP. This is a bridged version of Cardano (ADA), Dogecoin (Doge), Litecoin (LTC) and Ripple (XRP) coins, and has announced that it will be released on the base network.
The exchange announced that the announcement was made for the ADA and LTC after DOGE and XRP.
Therefore, Coinbase has announced that it has launched two new wrapping tokens on the Layer 2 Ethereum Network base, called CBADA and CBLTC.
Both tokens are backed 1:1 by ADA and LTC under Coinbase control. The exchange said the aim of the launch of the new token is to enable cross-chain use of Cardano and Litecoin within the base defi ecosystem.
These tokens allow users to trade, lend and offer liquidity on Defi platforms that Cardano and Litecoin do not support natively.
Coinbase also announced the release of CBXRP and CBDOGE in early June.
CBADA and CBLTC are currently performing live on @Base. CBADA and CBLTC are ERC-20 tokens backed by ADA and LTC, which Coinbase had detained, 1:1.
This is what you need to know ↓pic.twitter.com/ieumporzyi
– Coinbase Assets 🛡️ (@CoinbaseAssets) June 25, 2025
*This is not investment advice.
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