Wrapped versions of XRP and Doge are now available on the base network

By Hannah Pérez

Coinbase Integra Tokens XRP and Dogecoin wrapped based on, opening new opportunities in Defi. CBXRP and CBDOGE expand interoperability and generate performance alternatives to users of both tokens.

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• Coinbase presents tokenized versions of Doge and XRP based.
• CBXRP and CBDOGE expand interoperability and offer new defi alternatives.
• Between them they already have a capitalization close to USD $ 7 million, on their launch day.
• CBBTC, Bitcoin’s version wrapped in base, is already valued at more than USD $ 4.3 billion.

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Base users can now interact with Dogecoin (Doge) and XRP directly from Capa 2 network (L2).

The renowned cryptocurrency exchange Coinbase He has surprised to announce the inclusion of wrapped versions of XRP and Doge – under the names CBXRP and CBDOGE – for use within the Blockchain Basean L2 solution developed by the exchange itself.

cbdoge and cbxrp are now live on @base. CBDOGE AND CBXRP ARE ERC-20 TOKENS BACKED 1: 1 by Doge and XRP Held in Custody by Coinbase.

Here’s What You Need To Know ↓ pic.twitter.com/qvrqa96ZZB

– Coinbase Assets 🛡️ (@coinbaseassets) June 4, 2025

The objective is to facilitate access to opportunities in decentralized finances (DEFI) for the holders of both assets.

Coinbasewhich is traded at Nasdaq, on Wednesday said that both wrapped tokens are already active in Basewhich provides greater opportunities to the users of their decentralized finance ecosystem (DEFI) and holders of both assets.

This play is aligned with the accelerated growth of the defi ecosystem and responds to the demand for greater interoperability between block chains and decentralized applications.

Coinbase presents XBXRP and Xbdoge

The concept of “token wrapped” refers to a tokenized asset that represents another in a network Blockchain different.

In this case, both CBXRP and CBDOGE have a support equivalent to that of XRP tokens and Dogecoin native, safely guarded by Coinbase. This solution allows cryptocurrencies that are originally not compatible with a certain network, as a base, can be used within that infrastructure, allowing them to be used in defi applications.

Doge, native of Dogecoinis the largest memecoin in terms of market capitalization. XRP, on the other hand, occupies the 4th place in the cryptocurrency market and constitutes the central initiative of Ripple to facilitate rapid and low -cost international payments. XRP is priced at USD $ 2.21 and Doge is negotiated at USD $ 0.1912 at the time of edition, according to data from Coinmarketcap.

The creation of wrapped assets allows cross chain functionality, allowing cryptocurrencas such as XRP and Dogecoin are integrated into the defi applications into the network Base.

“The launch of these assets expands the offers of wrapped assets of Coinbase, and with the open platform and without base permits, it facilitates that anyone participates in the chain economy“, Said a spokesman for Baseaccording to cited The Block.

LTC and ADA are the next ones to arrive based

The news soon reflected in concrete metrics. According to data from Basesthe wrapped version of XRP exceeded a market capitalization of USD $ 5 million in just 24 hours after launch. Meanwhile, the capitalization of wrapped Doge arrived very close to USD $ 2 million, showing significant enthusiasm by users.

Within a launch day, the data of Coinbase They show that more than 2.3 million CBXRP tokens and 10.4 million CBDOGE tokens have been specifically issued.

This is not the first time that Coinbase Explore the benefits of integrating tokenized assets into its ecosystem. In September of last year, the Exchange launched a wrapped version of Bitcoin (BTC) in Base. That token, called CBBTC, has already reached a market capitalization of more than USD $ 4.3 billion, according to data from Coinmarketcap.

The next tokens wrapped in arriving based on may be Litecoin (LTC) and Cardano (ADA), since Coinbase He has advanced that CBLTC and CBADA are currently under development. The launch dates will be announced later.

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Article written with the help of AI, edited by Hannah Pérez / Diariobitcoin

Image generated with Ia by Diariobitcoin, under a free use license

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