XRP News Today: Coinbase Launches Wrapped XRP, ADA, DOGE, LTC on Base Network

Coinbase is set to launch wrapped versions of XRP, Cardano (ADA), Dogecoin (DOGE), and Litecoin (LTC) on its Ethereum Layer 2 network, Base. These new wrapped tokens, designated as cbXRP, cbADA, cbDOGE, and cbLTC, are designed to bridge these non-EVM chain assets to Base’s DeFi ecosystem, which holds over $3.6 billion in total value locked.

These wrapped tokens will serve as cross-chain bridges, allowing crypto assets to interact with different ecosystems without abandoning their core value. For XRP, ADA, DOGE, and LTC—networks traditionally walled off from Ethereum-based DeFi—this is a major leap toward liquidity, fee reduction, and broader utility. Base users will be able to access, trade, and stake these assets without needing to exit the L2 environment.

Coinbase has confirmed the imminent arrival of these tokens and issued official contract addresses to prevent users from falling for scams or imposters. This move mirrors Coinbase’s earlier success with cbBTC, its wrapped Bitcoin product that emerged as an alternative to BitGo’s WBTC. Despite cbBTC currently holding just 16% of the wrapped BTC market compared to WBTC’s 52.6%, its rapid adoption showcases growing demand for native asset representation within Ethereum-compatible ecosystems.

Coinbase’s strategic expansion into the wrapped token space aligns with CEO Brian Armstrong’s broader vision for global crypto adoption. With a $9.9 billion war chest and a recent $2.9 billion acquisition of crypto derivatives platform Deribit, Armstrong has made it clear that Coinbase is scaling up not just through tech, but also via smart mergers. This infrastructure boost could accelerate token utility across Base, especially as Armstrong eyes further international acquisitions and talent recruitment—including outreach to politically active developers from agencies like DOGE (Department of Government Efficiency).