Coinbase Introduces Wrapped Versions of XRP and Dogecoin on Base
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.
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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.
About Alexander Stefanov
With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.
