Coinbase has introduced two new wrapped tokens, cbDOGE and cbXRP, on its Base network. These tokens enable users to utilize their Dogecoin and XRP holdings as collateral, enhancing DeFi functionality and liquidity.
With XRP and Dogecoin being significant players in the crypto market, the introduction of these tokens reflects a growing demand for decentralized finance solutions. Coinbase’s move could pave the way for more large-cap coins to enter the DeFi ecosystem.
Leave a Reply