Coinbase’s Wrapped Litecoin (cbLTC) Boosts DeFi Potential

Coinbase has introduced Wrapped Litecoin (cbLTC), a solution expanding decentralized finance (DeFi) opportunities for Litecoin. With over 21,400 $LTC in proof of reserve, Coinbase Assets now holds $cbLTC, directly matching it to the underlying asset with a seamless integration on its Base network. This allows users to leverage the potential of DeFi liquidity and earn yield on-chain. This move marks a significant step forward for Litecoin’s utility within the decentralized financial ecosystem.