Coinbase don launch cbADA & cbLTC for Base for ADA, LTC DeFi

Published: 2025-06-26 08:24:01 |

Coinbase don launch two new wrapped tokens, cbADA and cbLTC, for hin Ethereum Layer 2 network wey dem call Base. Each of these ERC-20 wrapped tokens get full 1:1 back up by ADA and LTC wey dey Coinbase custody with regular proof-of-reserves. Since dem launch am, dem don mint over 2.9 million cbADA and 11,300 cbLTC and now dey circulate. These wrapped tokens dey expand Base’s DeFi ecosystem—wey get over $3 billion in TVL now—because e allow traders fit trade, borrow, yield-farm and provide liquidity with ADA and LTC for platforms wey no get native support. This move na follow the earlier launch of cbBTC, cbETH, cbXRP and cbDOGE, way dem dey use strengthen Base’s multi-asset cross-chain liquidity more.

Bullish

Introducing wrapped tokens for ADA and LTC on Base dey lower barriers for cross-chain DeFi usage and boost on-chain liquidity. For short term, traders fit get new ways for trading, lending and yield farming, wey fit make wrapped token demand and trading volumes increase. For long term, better integration of Cardano and Litecoin inside Base’s ecosystem fit make network effects strong, encourage more DeFi development and drive steady demand for ADA and LTC.