Coinbase Launches Four New Wrapped Tokens on Base Network

Coinbase has introduced four new wrapped tokens—cbADA, cbDOGE, cbLTC, and cbXRP—on Base Network, expanding asset diversity for users and developers. These additions build on Coinbase’s previous launch of cbBTC and aim to increase engagement with the Base ecosystem. 1:1 backing ensures stability within the Ethereum Layer 2 environment. The new tokens are expected to broaden asset availability on Base, potentially attracting more users and enhancing DeFi applications like decentralized exchanges and lending protocols. Coinbase CEO Brian Armstrong sees this initiative as part of a broader strategy to bolster the Base network.