Coinbase launches Cardano and Litecoin wrapped tokens cbADA, cbLTC on Base
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最新报道：Coinbase has introduced two new wrapped tokens, cbADA and cbLTC, representing Cardano (ADA) and Litecoin (LTC) on its Base blockchain. These ERC-20 tokens are backed 1:1 by their respective native assets held in reserve by Coinbase, allowing users to trade and utilize ADA and LTC within the Ethereum ecosystem. The launch aims to enhance interoperability and accessibility for these assets across decentralized applications (dApps) and DeFi platforms. Coinbase emphasized that the wrapped tokens simplify cross-chain transactions while maintaining security through its custodial reserves. The move follows similar offerings like cbETH and aligns with Coinbase's strategy to bridge traditional crypto assets with Ethereum-based decentralized finance. Users can mint and redeem cbADA and cbLTC directly through Coinbase's platform.
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