Coinbase announced the launch of wrapped Cardano (cbADA) and Litecoin (cbLTC) on its Ethereum Layer 2 network, Base.

Date

June 27, 2025

Quotes that support claims

The ERC-20 tokens, cbADA and cbLTC, are each backed 1:1 by ADA and LTC held in custody by Coinbase, the crypto exchange said in a Wednesday announcement, providing proof of reserves for both assets.

Coinbase has introduced cardano's ADA and litecoin on its Ethereum layer-2 network Base via cbADA and cbLTC.

Tags

Week 26 of 2025