Coinbase, the biggest cryptocurrency change in america, made an sudden announcement for Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC) and Ripple (XRP) prior to now months.
Accordingly, the change introduced that cbADA, cbDOGE, cbLTC and cbXRP, that are bridged variations of Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC) and Ripple (XRP) cash to the Base community, might be launched quickly.
The change has now introduced that this announcement has been applied for ADA and LTC after DOGE and XRP.
Accordingly, Coinbase introduced that it has launched two new wrapping tokens known as cbADA and cbLTC on the Layer 2 Ethereum community Base.
Each tokens are backed 1:1 by ADA and LTC, that are underneath the custody of Coinbase. The change stated the intention of the launch of the brand new tokens is to allow cross-chain utilization of Cardano and Litecoin inside Base’s DeFi ecosystem.
These tokens permit customers to commerce, lend, and supply liquidity on DeFi platforms that Cardano and Litecoin don’t natively assist.
Coinbase additionally introduced the launch of cbXRP and cbDOGE in early June.
cbADA and cbLTC are actually reside on @base. cbADA and cbLTC are ERC-20 tokens backed 1:1 by ADA and LTC held in custody by Coinbase.
Right here’s what it’s worthwhile to know ↓ pic.twitter.com/iEUMPOrZYi
— Coinbase Property 🛡️ (@CoinbaseAssets) June 25, 2025
*This isn’t funding recommendation.
