Coinbase Expands DeFi Offerings with Wrapped LTC, ADA, DOGE, and XRP on Base Network
Coinbase is set to enhance its decentralized finance (DeFi) ecosystem by launching wrapped versions of popular cryptocurrencies, including Litecoin (LTC), Cardano (ADA), Dogecoin (DOGE), and Ripple (XRP), on its Base network. The first of these, cbLTC, is a 1:1 wrapped version of Litecoin, fully backed by actual LTC and designed for seamless integration into DeFi applications. This move marks a significant step in bridging traditional cryptocurrencies with the growing DeFi space, offering users more flexibility and utility for their digital assets.
Coinbase to Launch Wrapped Versions of LTC, ADA, DOGE, and XRP on Base Network
Coinbase is preparing to introduce cbLTC, a 1:1 wrapped version of Litecoin, designed to integrate LTC into the decentralized finance (DeFi) ecosystem on its Base network. The token will be fully backed by actual Litecoin and compatible with DeFi applications upon launch. The official contract address for cbLTC has been disclosed as 0xcb17C9Db87B595717C857a08468793f5bAb6445F, though a specific release date remains unannounced.
In addition to cbLTC, Coinbase plans to roll out wrapped variants of Cardano (cbADA), dogecoin (cbDOGE), and XRP (cbXRP). These assets aim to expand DeFi liquidity options but are not yet live. The move signals Coinbase’s continued push to bridge traditional crypto assets with the growing DeFi sector.
Coinbase Enters S&P 500, Marking a Watershed Moment for Crypto Institutionalization
Coinbase Global Inc. has secured a place in the S&P 500 index, replacing Discover Financial Services following its acquisition by Capital One. The crypto exchange’s shares rallied 25% to $256 on the news, signaling Wall Street’s growing embrace of digital asset infrastructure.
The listing represents a symbolic victory for the cryptocurrency industry, long viewed as a fringe asset class. Coinbase’s inclusion in America’s most tracked equity benchmark reflects the sector’s accelerating integration into mainstream finance.
Market analysts interpret the development as validation of crypto’s economic relevance. "When blue-chip indices adopt crypto-native firms, it sends an unambiguous signal about the asset class’s permanence," said one institutional trader, speaking on condition of anonymity.
Coinbase Backs Stablecorp to Expand QCAD Stablecoin Adoption in Canada
Coinbase has taken a strategic stake in Canadian stablecoin issuer Stablecorp during Toronto’s Blockchain Futurist Conference, signaling growing institutional interest in fiat-backed digital assets. The undisclosed investment aims to accelerate adoption of QCAD, a tokenized Canadian dollar designed to streamline domestic payments.
"Canada’s payment infrastructure remains archaic—wire transfers cost $45 and drown users in paperwork," said Coinbase Canada CEO Lucas Matheson. The QCAD stablecoin eliminates these friction points through blockchain efficiency, positioning itself as a digital dollar alternative for peer-to-peer transactions.
Coinbase CEO Brian Armstrong Invites Ex-DOGE Staff to Join Crypto Exchange
Coinbase CEO Brian Armstrong is extending an olive branch to departing staffers from the U.S. government’s Department of Government Efficiency (DOGE), inviting them to join the cryptocurrency exchange through a fast-track hiring process. The offer was made public via a social media post, where Armstrong emphasized the opportunity to contribute to a more efficient global financial system.
The initiative follows a Fox News segment featuring Ethan Shaotran, a former Doge employee and Harvard dropout, who recounted the personal sacrifices made during his tenure. Shaotran highlighted the team’s relentless efforts to reduce bureaucratic inefficiencies, often working late into the night. Armstrong’s recruitment pitch aligns with Coinbase’s broader mission to streamline financial infrastructure using blockchain technology.
