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Coinbase has launched wrapped tokens cbADA and cbLTC for Cardano and Litecoin respectively on Base.
PANews reported on June 26 that Coinbase announced the launch of wrapped tokens cbADA and cbLTC for Cardano and Litecoin respectively on its Layer 2 network Base. This completes the previously announced issuance plan for four wrapped tokens (including cbDOGE and cbXRP launched in early June). Currently, on-chain reserve proof shows that 11,364 LTC and 2,963,259 ADA have been locked as underlying assets in the custody Address.