🧐 Coinbase Expands the Base Ecosystem: Launches cbADA, cbDOGE, cbLTC, cbXRP——
Another sign of a bull market:
Coinbase has announced the upcoming launch of 4 new bridge tokens, which only happens when liquidity is good. Clearly, everything is ready, and we are looking forward to it!
cbADA (corresponding to Cardano ADA);
cbDOGE (corresponding to Dogecoin DOGE);
cbLTC (corresponding to Litecoin LTC);
cbXRP (corresponding to Ripple XRP);
Did you understand?
Following cbETH and cbBTC, Coinbase is packing a bunch of "non-Ethereum legacy coins" into its Base network——
Unified standards, packaged for launch, from now on they all share the surname cb: not only bridge assets but also an advanced version of asset standardization and stablecoinization.
What I see is: "multi-chain compatibility," as Coinbase is quietly building a "centralized Layer2 empire":
All liquidity recognizes cb assets; all entry points cannot bypass Base.
Here are a few points worth noting:
1️⃣ The compatibility expansion strategy of Base is obvious
Base initially focused on native ETH assets, and is now starting to introduce packaged versions of non-EVM chain assets. This indicates that Coinbase is trying to create a "multi-asset unified operating layer."
2️⃣ Low barriers to attract mainstream coin users
DOGE, XRP, and LTC represent a large number of retail users outside the DeFi circle. The launch of cb versions will help attract them into the Base network, gradually participating in deeper on-chain activities.
3️⃣ Coinbase's path to stablecoinization
From cbETH to cbBTC, and now to the cbXXX series, they all belong to a "Coinbase standard asset" route——unified packaging, controllable compliance, and circulation and DeFi operations on Base.
4️⃣ A significant boon for the Base DeFi ecosystem
These cb assets can be used for lending, trading, yield aggregation, and other modules on Base, meaning liquidity expansion, new asset support, and potential TVL increases, among other benefits.
📌 In summary:
Coinbase is bringing mainstream non-Ethereum coins "under its wing," using cbToken to channel them into Base, unifying their circulation in the Layer2 kingdom it is building——
This is an alternative "inclusive expansion" under the narrative of stability, security, and compliance.
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