Coinbase to Launch wrapped versions ADA, DOGE, LTC, XRP on Base Network

By: bitcoin ethereum news|2025/05/14 08:45:05

Coinbase, the largest crypto exchange in the U.S., has announced plans to release four new bridged tokens: cbADA, cbDOGE, cbLTC, and cbXRP. These are wrapped versions of Cardano ( ADA ), Dogecoin ( DOGE ), Litecoin ( LTC ), and Ripple ( XRP ), designed specifically for use on Base, Coinbase’s Ethereum Layer-2 network. This move follows the earlier launch of cbBTC, a wrapped version of Bitcoin that operates on Base. Similar to cbBTC, the newly announced tokens will be backed 1:1 and locked through smart contracts, allowing them to function as equivalents of their native assets on the Base network. These bridged tokens will enable users to interact with popular cryptocurrencies like ADA and XRP within the Ethereum ecosystem, enhancing their utility in DeFi protocols and dApps operating on Base. Coinbase also confirmed that users will be able to unlock their assets and return them to the original chain through smart contract mechanisms. The exchange emphasized that these tokens are not live yet, cautioning users to avoid scams or counterfeit versions circulating before the official launch. An exact release date is expected to be announced soon. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/coinbase-to-launch-wrapped-versions-ada-doge-ltc-xrp-on-base-network/

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...