The exchange rolled out ERC-20 versions of ADA and LTC that are backed on a 1:1 basis, enabling Cardano and Litecoin holders to tap into Ethereum-style DeFi via its Base network.
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Coinbase Brings Wrapped Cardano, Litecoin to Base With cbADA, cbLTC
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Wrapped tokens cbADA and cbLTC, launched by Coinbase, are fully backed at a 1:1 ratio by ADA and LTC held in custody by Coinbase, ensuring asset parity and trust.
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