#Coinbase Launches $CBXRP and $CBDOGE Wrapped Tokens on #Base Network


#Coinbase has officially rolled out wrapped versions of $XRP and $DOGE on its Base layer-2 network.


The new $CBXRP and $CBDOGE tokens maintain 1:1 backing with actual $XRP and $DOGE held in Coinbase custody.


This move enables cross-chain functionality for both cryptocurrencies within Base's expanding DeFi ecosystem.


Within 24 hours of launch, over 2.3 million $CBXRP worth $5 million and 10.4 million cbDOGE worth $1.9 million were issued.

The #wrapped tokens join Coinbase's existing $CBBTC, which has reached a market cap of $4.7 billion since its September launch.


Additional wrapped assets cbLTC and cbADA remain in development with launch dates pending.


Base positions itself as a competitive layer-2 solution offering reduced transaction costs and faster processing for #DeFi users.

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June 05, 2025 at 11:15 AM
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