Coinbase Teases Wrapped Tokens for LTC, ADA, DOGE, and XRP – Coming Soon

Coinbase has announced the upcoming launch of its wrapped token offerings, bringing Litecoin (LTC), Cardano (ADA), Dogecoin (DOGE), and Ripple (XRP) to the DeFi ecosystem on Base. This news has significantly boosted COIN stock following the announcement that it will join the S&P 500 on May 19th, replacing Discover Financial. Coinbase is set to release these wrapped versions of four major cryptocurrencies, starting with cbLTC, a 1:1 backed token.