Could Coinbase’s cbDOGE and cbXRP Tokens Ignite a DeFi Revolution in 2025?
Coinbase releases wrapped XRP and Dogecoin for its Base network, offering new DeFi possibilities and cross-chain liquidity boosts.
- XRP market cap: $128.5 billion (5th largest crypto)
- Dogecoin market cap: $27.9 billion (8th largest crypto)
- New tokens: cbDOGE & cbXRP now live on Base
- Base Network: Ethereum Layer-2 from Coinbase
Coinbase just dropped a game-changer for the crypto world. The U.S.’s leading crypto exchange has launched two new “wrapped” tokens on its Ethereum Layer-2 network, Base. These assets—cbDOGE and cbXRP—let crypto holders unlock the true power of their XRP and Dogecoin, turning them into usable collateral for decentralized finance (DeFi) protocols.
For years, Dogecoin and XRP enthusiasts have watched from the sidelines as DeFi exploded, dominated by Ethereum-based tokens and locked away from their favorite coins. Now, Coinbase is pushing both deep into DeFi territory, opening new doors for cross-chain activity and mainstream adoption.
What Are “Wrapped” Tokens—And Why Do They Matter?
Wrapped tokens like cbDOGE and cbXRP are digital representations of XRP and Dogecoin that live natively on Ethereum-compatible blockchains. The biggest draw is interoperability: these tokens act as one-to-one stand-ins, bridging blockchains that rarely interact.
As Coinbase and other platforms scale up, wrapped tokens are rapidly evolving. The presence of WBTC (Wrapped Bitcoin) set the benchmark. Now, with cbDOGE and cbXRP, two of the market’s most traded but previously DeFi-excluded tokens can join the action.
How Could cbDOGE and cbXRP Change the DeFi Game in 2025?
Bringing DOGE and XRP to DeFi isn’t just about flexibility—it’s about unleashing massive liquidity. With XRP and Dogecoin’s combined $156 billion market cap, billions worth of digital assets can now flow into DeFi lending, staking, and trading on the Base network.
Financial insiders see this as a leap forward, not only for Base but for DeFi everywhere. Imagine earning yields, taking loans, or deploying smart contracts using meme coins or cross-border payments juggernauts—without extra conversions or third-party bridges.
Industry leaders are bullish: integrating large-cap tokens expands DeFi’s reach and reduces friction for millions of holders. Users get more flexibility, access, and participation in a decentralized economy.
Is There a Catch? Who Controls These Wrapped Tokens?
Not everyone is cheering. Unlike decentralized bridges, Coinbase directly manages minting, burning, and contract upgrades for cbDOGE and cbXRP. This means the exchange holds the keys—raising decentralization and control concerns for some die-hard DeFi fans.
Still, others argue that institutional-grade custody offers greater safety and transparency, crucial for onboarding more users and major liquidity pools.
How Can You Use cbDOGE and cbXRP on Base?
- Onboard your assets by holding XRP or Dogecoin in your Coinbase wallet.
- Deposit into the Base network to receive cbXRP or cbDOGE.
- Access DeFi protocols—stake, lend, or use as collateral effortlessly.
- Monitor future integrations; 2025 will see more DeFi dApps connecting with Base.
Want to learn more about Ethereum or DeFi’s future? Visit Ethereum and DeFi Pulse for the latest trends.
What’s Next For DeFi and Coinbase?
Crypto watchers predict a cascade of new wrapped tokens in 2025. As demand for cross-chain utility explodes, platforms like Coinbase are positioned to lead, backed by a robust regulatory framework and engineering might.
With public figures, even former President Trump, lending support to decentralized finance initiatives, DeFi’s push into the mainstream shows no signs of slowing down.
Ready to put your XRP or DOGE to work?
- Check if your Coinbase account supports Base deposits.
- Convert XRP or Dogecoin to cbXRP/cbDOGE via Coinbase’s interface.
- Explore DeFi protocols like lending, staking, or liquidity pools on Base.
- Stay tuned for new cross-chain tokens and Base integrations in 2025.
Take control of your crypto and ride the next wave of DeFi innovation!
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