They Did WHAT? Coinbase Turns XRP & Doge into DeFi Wizards! 🌟

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Crypto coins dancing in the digital ether

What to know:

  • In a cheeky bit of magic, Coinbase has slapped wrapped versions of XRP and Dogecoin onto its secret layer called Base—like turning regular coins into super-powered DeFi coins! 💥
  • The cbXRP and cbDOGE tokens are as honest as a puppy—backed 1:1 by their original coins—so no funny business (well, almost). They glide smoothly within the Base kingdom.
  • The wrapped XRP soared past $5 million in just a day—blink and you’ll miss the fireworks! Wrapped Doge is hot on its tail, creeping toward $2 million. Phew! 🥵

Crypto traders with XRP and Dogecoin, buckle up! You can now hop on the DeFi rollercoaster ride within Coinbase’s Base. Yep, more ways to turn your coins into more coins—because who doesn’t love a little digital magic? ✨

On Wednesday, Coinbase, the fancy Nasdaq-listed giant, announced that their shiny wrapped tokens, cbXRP and cbDOGE, are now live on Base. These tokens are honest-to-goodness backed 1:1 by the real deal—XRP and Dogecoin—locked up tighter than your grandma’s cookie jar by Coinbase. 🍪

Wrapped tokens are like the digital version of a costume party—they make the real assets look good and work seamlessly with Base’s fancy DeFi gadgets. It’s all about interoperability, sweet interoperability, so your coins can do the hokey-pokey wherever they please—and maybe earn a little extra crunch in the process.

The wrapped XRP’s market cap zoomed past $5 million faster than a cheetah on pogo sticks, according to BaseScan. Meanwhile, wrapped Doge is galloping up to nearly $2 million. Whee! 🐕💨

In case you forgot, XRP is that payments-loving crypto—making cross-border transfers with a smile—while Dogecoin is the Meme king with a market crown worth $28.2 billion. And Coinbase? They’ve floated a wrapped Bitcoin too—over $4.7 billion in market cap, proving they love wrapping things up! 🎩

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2025-06-05 11:03