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Coinbase expands its wrapped token lineup with cbDOGE and cbXRP, opening the door to faster, cheaper DeFi for popular tokens on the booming Base network.
Coinbase is shaking up the crypto landscape once again and this time, it's big news for Dogecoin and XRP holders. On June 5th, the exchange unveiled cbDOGE and cbXRP, two new wrapped tokens on its Base network, offering 1:1 backed ERC-20 versions of DOGE and XRP. This move opens up new DeFi opportunities for holders of these legacy assets, while also solidifying Base as one of the fastest-growing blockchain ecosystems of 2025.
If you're holding DOGE or XRP and want faster transactions, cheaper fees, and access to Ethereum-based DeFi your moment has arrived.
Why This Matters Right Now
Let’s break down the impact of this launch and why you should consider moving fast:
✅ 1. Instant Access to DeFi for DOGE and XRP Holders
With cbDOGE and cbXRP, Coinbase users can now convert their tokens directly into wrapped ERC-20 versions on Base, instantly unlocking compatibility with Ethereum-based DeFi platforms.
That means you can stake, swap, lend, and earn with DOGE and XRP in ways that simply weren’t possible before on their native chains.
✅ 2. Trustworthy, Fully Collateralized, and Backed by Coinbase
These wrapped assets are 100% collateralized and held in secure custody by Coinbase, one of the most regulated and trusted crypto platforms in the world. No middlemen, no complicated bridging just clean, transparent conversions with institutional-grade security.
✅ 3. Base Network Is Booming
Base is now the top Ethereum Layer 2 by TVL, with over $14.4 billion locked. In Q1 2025 alone, it recorded $3.6 trillion in stablecoin volume. That's not a typo and it's a clear sign that big money is already moving here.
With plans to double gas throughput this quarter and a 100x increase by year-end, Base is scaling faster than any other Layer 2 right now.
✅ 4. You’re Early – But Not for Long
With smart contract addresses already verified by Coinbase, and over 10.4 million DOGE backing cbDOGE at launch, early adopters are already jumping in. Coinbase’s previous wrapped token, cbBTC, has already surpassed $4 billion in circulation and the demand curve for cbDOGE and cbXRP could follow the same trajectory.
BONUS: Europe Enters the Game With Crypto Index ETP
In parallel, Virtune, a Swedish asset manager, has launched Europe’s first ETP tracking the Coinbase 50 Index, now listed on Xetra, the leading German exchange. This means institutional access to 21 top crypto assets, including BTC, ETH, XRP, and now cbDOGE and cbXRP.
Coinbase is acting as the official custodian, while MarketVector manages the index signaling strong institutional alignment and trust in these assets.
"You can invest… or regret forever."
What You Can Do Right Now
If you’re holding DOGE or XRP in your Coinbase account, the process is simple:
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Transfer your tokens to Base via Coinbase.
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Get cbDOGE or cbXRP minted 1:1 instantly.
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Start exploring DeFi from swaps to lending protocols, the ecosystem is wide open.
And don’t forget to verify the official contract addresses shared by Coinbase to avoid scams.
Final Thoughts
This isn’t just another token listing it’s a paradigm shift for DOGE and XRP holders. Coinbase has made it simple, secure, and scalable to bring legacy coins into the DeFi future. With Base growing at lightning speed, early movers will have the first access to yield opportunities, liquidity pools, and next-gen dApps.
Don’t wait. The window to be early in this new wrapped asset economy is closing fast.
🔗 Pro tip: Keep an eye on Base's evolving DeFi landscape and the upcoming ETP performance on Xetra. It’s not just about retail anymore institutions are watching.
As I celebrate my 55th birthday, I'm excited to share an incredible opportunity with you! Join me in embracing the future of finance by investing in my token ($CC55). Let’s make this April a time of prosperity and success together!
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