Coinbase Unlocks DeFi Opportunities for XRP and Dogecoin Holders on Base

Crypto traders holding XRP XRP and dogecoin DOGE can now tap into yield-generating decentralized finance (DeFi) opportunities on Base, the layer-2 blockchain from digital assets exchange Coinbase (COIN).On Wednesday, the Nasdaq-listed exchange said the wrapped versions of the two tokens, called cbXRP and cbDOGE, were live on Base. These wrapped tokens are backed 1:1 by native coins, meaning that for all cbXRP and cbDOGE in circulation, there is an equivalent amount of XRP or dogecoin held in a secure custody solution by Coinbase.Wrapped tokens represent the original assets in environments where they are otherwise unavailable, offering compatibility with Base's protocol and DeFi applications source: https://www.coindesk.com/markets/2025/06/05/coinbase-unlocks-defi-opportunities-for-xrp-and-dogecoin-holders-on-base