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Coinbase Expands Wrapped Token Lineup with Cardano and Litecoin on Base

  • Coinbase introduced synthetic tokens cbADA and cbLTC backed 1:1 by the underlying assets held in Coinbase custody.
  • The launch of cbADA and cbLTC follows earlier activations of cbDOGE and cbXRP, offering users a way to interact with popular non-Ethereum assets on Base's layer-2 infrastructure.
  • cbBTC and cbETH are also supported by Coinbase, with steady growth in circulating supply and transfer activity observed.
  • Data from L2Beat shows Base as the second-largest Ethereum layer-2 platform, with over $12 billion in total value secured, enhancing its role in cross-chain liquidity.

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