Crypto Shockwave: Coinbase’s Base Unleashes Wrapped Dogecoin and XRP—Here’s Why It Changes Everything for DeFi in 2025
Coinbase’s new wrapped tokens for Dogecoin and XRP on its Base network spark a wave of DeFi innovation—what this means for traders in 2025.
- XRP market cap: $128.5B
- Dogecoin market cap: $27.9B
- Over $50B now locked in DeFi protocols
- 2 new tokens launched: cbDOGE and cbXRP
Move over, meme coins and old-school crypto—Coinbase is rewriting the DeFi rulebook. The US’s biggest crypto exchange just launched two new “wrapped” tokens on its Base Ethereum layer-2 network: cbDOGE and cbXRP.
For the first time, holders of Dogecoin and XRP, together worth over $156 billion, can use their assets in advanced decentralized finance (DeFi) protocols—staking, borrowing, lending, you name it—all without needing to leave Base.
This breakthrough instantly boosts blockchain flexibility and could spark a surge of liquidity across the crypto market. As DeFi races into the mainstream, Coinbase is making sure even meme coin and payments token loyalists can take part.
What Are Wrapped Tokens and Why Should You Care?
Imagine using your favorite crypto (even if it isn’t built for DeFi) in any Ethereum-based dApp. That’s what wrapped tokens do—they represent a 1:1 version of coins like Dogecoin or XRP on another blockchain.
For years, projects like Wrapped Bitcoin (WBTC) let BTC holders operate in DeFi. Now, with cbDOGE and cbXRP, Coinbase brings this power to two of the most popular coins, slashing the barriers for billions in potential liquidity.
Want to learn more about wrapped tokens? Head to Coinbase or check the latest guides on Coindesk.
Why Did Coinbase Launch cbDOGE and cbXRP?
Coinbase knows that users want more ways to use their digital assets. By releasing cbDOGE and cbXRP, the exchange is turning up the heat on DeFi adoption—ensuring traders can:
- Use Dogecoin and XRP as collateral on Base
- Access higher yields across DeFi lending, staking, and trading protocols
- Participate in the booming DeFi ecosystem—now topping $50B in total value locked
Industry voices confirm this move is a game-changer. By making the process seamless—and skipping risky, sketchy bridges—Coinbase is fast-tracking secure, regulated access to DeFi for everyday investors and pros alike.
How Does It Work? (And Is It Safe?)
To mint cbDOGE or cbXRP, traders deposit their Dogecoin or XRP with Coinbase, who manages the process on the Base network. The exchange controls the wrapped tokens’ creation, redemption, and smart contract governance.
While some DeFi purists are cautious (arguing that total control rests with Coinbase), others see this as a vital step for onboarding fresh capital—and making DeFi more accessible and stable for the coming wave of mainstream users.
For up-to-the-minute coverage on blockchain launches and exchanges, visit Decrypt or get trusted updates from Cointelegraph.
Who Benefits Most—and What’s Next?
XRP and Dogecoin holders get unprecedented flexibility: they can now multiply their crypto’s earning power inside DeFi, without giving up their favorite coins.
Market watchers predict this is just the beginning. Expect more large-cap tokens to go “wrapped”—and even wider DeFi compatibility—well into 2025 and beyond.
But as with any crypto innovation, watch for evolving risks, regulatory scrutiny, and new security standards.
How to Get Started With cbDOGE and cbXRP on Base
- Register or log in at Coinbase.
- Deposit your Dogecoin or XRP into your Coinbase account.
- Bridge your tokens to Base and wrap them into cbDOGE / cbXRP with a few clicks.
- Explore earning, lending, or trading on leading DeFi platforms connected to Base.
- Monitor your portfolio and stay alert for new DeFi opportunities—2025 is just heating up!
Dive into DeFi’s next chapter—start using cbDOGE and cbXRP to unlock new yields and flexibility!
- ✅ Check if your exchange supports Base and cbDOGE/cbXRP
- ✅ Read up on DeFi security and best practices
- ✅ Monitor coin and protocol updates for fresh opportunities
- ✅ Don’t risk more than you can afford to lose—crypto remains volatile!
