AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
_6ff029a61766633234293.png?format=webp&width=1186&height=250)
Coinbase's wrapped ADA and LTC tokens go live on Base
ByAinvest
Thursday, Jun 26, 2025 5:13 am ET1min read
Coinbase's wrapped ADA and LTC tokens go live on Base
Coinbase has announced the launch of two new wrapped tokens, cbADA and cbLTC, on the Layer 2 Ethereum network Base. These tokens, which are backed 1:1 by Cardano (ADA) and Litecoin (LTC), respectively, are designed to facilitate cross-chain usage within Base's DeFi ecosystem [1].The tokens, cbADA and cbLTC, allow users to trade, lend, and provide liquidity on DeFi platforms that Cardano and Litecoin do not natively support. This move comes after Coinbase's previous announcements regarding the wrapping of Dogecoin (DOGE) and Ripple (XRP) coins to the Base network [1].
Coinbase's decision to launch these tokens is part of its ongoing strategy to expand the utility of cryptocurrencies within its ecosystem. The exchange has previously announced plans to launch cbDOGE and cbXRP in early June, but these have not yet been released [1].
The introduction of cbADA and cbLTC on Base is a significant development for the cryptocurrency community, as it opens up new opportunities for users to interact with these assets in a broader range of DeFi applications. However, it is important to note that these tokens are still in their early stages and may be subject to market volatility and regulatory scrutiny.
References:
[1] https://en.bitcoinsistemi.com/long-awaited-cardano-ada-and-litecoin-ltc-announcement-from-coinbase/
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet