CMC News: Coinbase has officially rolled out wrapped versions of $XRP and $DOGE on its Base layer-2 network. The new cbXRP and cbDOGE tokens maintain 1:1 backing with actual $XRP and $DOGE held in Coinbase custody. This move enables cross-chain functionality for both cryptocurrencies within Base's expanding DeFi ecosystem. Within 24 hours of launch, over 2.3 million cbXRP worth $5 million and 10.4 million cbDOGE worth $1.9 million were issued. The wrapped tokens join Coinbase's existing cbBTC, which has reached a market cap of $4.7 billion since its September launch. Additional wrapped assets, cbLTC and cbADA, remain in development with launch dates pending. Base positions itself as a competitive layer-2 solution offering reduced transaction costs and faster processing for DeFi users.
cmc-news-coinbase-has-officially-rolled-out-wrapped-versions-of-xrp-and-doge-on-its-base-layer-2-network-the-new-cbxrp-and-cbdoge-tokens-maintain-11-backing-with-actual-xrp-and-doge-held-in-coi

CMC News: Coinbase has officially rolled out wrapped versions of $XRP and $DOGE on its Base layer-2 network.

The new cbXRP and cbDOGE tokens maintain 1:1 backing with actual $XRP and $DOGE held in Coinbase custody. This move enables cross-chain functionality for both cryptocurrencies within Base's expanding DeFi ecosystem.

Within 24 hours of launch, over 2.3 million cbXRP worth $5 million and 10.4 million cbDOGE worth $1.9 million were issued.

The wrapped tokens join Coinbase's existing cbBTC, which has reached a market cap of $4.7 billion since its September launch. Additional wrapped assets, cbLTC and cbADA, remain in development with launch dates pending.

Base positions itself as a competitive layer-2 solution offering reduced transaction costs and faster processing for DeFi users.