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Coinbase to Launch wrapped versions ADA, DOGE, LTC, XRP on Base Network

  • Coinbase is set to launch wrapped versions of ADA, DOGE, LTC, and XRP on its Base Ethereum Layer-2 network.
  • These tokens will be backed 1:1 and locked through smart contracts, functioning as equivalents of their native assets on the Base network.
  • The bridged tokens will allow users to interact with popular cryptocurrencies like ADA and XRP within the Ethereum ecosystem for enhanced utility in DeFi protocols and dApps on Base.
  • Coinbase cautions users about unofficial versions and scams, with an official release date for these tokens expected to be announced soon.

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