COINBASE UNLOCKS DEFI FOR XRP AND DOGECOIN HOLDERS ON BASE

Summary from the TLDR Crypto newsletter

Coinbase has launched wrapped XRP (cbXRP) and wrapped Dogecoin (cbDOGE) on its Base Layer-2, each backed 1:1 by native coins held in Coinbase custody, enabling holders to access DeFi protocols and yield-generating opportunities. These wrapped tokens facilitate interoperability within the Base ecosystem, allowing users to transfer and deploy their XRP and DOGE in decentralized applications. In the first 24 hours, cbXRP's market cap surpassed $5 million and cbDOGE neared $2 million, underscoring strong initial demand.