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Good News for XRP and DOGE? Coinbase Unveils Wrapped Versions on Base Network

  • Coinbase announced on June 4, 2025, that wrapped versions of Dogecoin and XRP are now live as ERC-20 tokens on the Base platform.
  • This launch follows earlier plans to create wrapped tokens for Cardano, Litecoin, Dogecoin, and XRP to enable cross-chain DeFi use on Ethereum Layer 2 networks.
  • Coinbase holds the original Dogecoin and XRP 1:1 in custody to back the corresponding cbDOGE and cbXRP tokens, and issued over 10.4 million cbDOGE and 2.3 million cbXRP tokens shortly after launch.
  • Coinbase warned users about fraudulent actors impersonating cbDOGE and cbXRP and provided official Base contract addresses to prevent scams.
  • Coinbase plans to expand wrapped assets on Base with Cardano and Litecoin, aiming to increase DeFi participation, network activity, and token liquidity on the Ethereum Layer 2 ecosystem.
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XRP and Dogecoin arrive in the DeFi... but not as you imagine! Find out how Coinbase transforms these crypto dinosaurs into ultra-connected tokens on Base. Opportunity or marketing hit? The bet is launched, and it leaves no one indifferent. The Coinbase article: XRP and DOGE land on Base via wrapped tokens appeared first on Cointribute.

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Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide… broke the news in on Thursday, June 5, 2025.
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