Coinbase Unveils cbADA and cbLTC Wrapped Tokens on Base to Expand DeFi Access

Coinbase has broadened its wrapped token lineup by launching cbADA and cbLTC, representing wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Layer-2 blockchain, Base. This move follows Coinbase’s previous releases of cbDOGE and cbXRP, reinforcing its commitment to cross-chain interoperability and DeFi accessibility. Each of these tokens is backed 1:1 by the respective underlying assets, securely stored in Coinbase custody. Users can freely mint or redeem cbADA and cbLTC via Coinbase wallets, with full transparency offered through publicly available proof-of-reserves dashboards.

As of launch, more than 2.96 million ADA and 11,364 LTC have been wrapped and issued on Base. The tokens operate using smart contracts previously deployed for cbETH, ensuring compatibility with major DeFi protocols. This design allows holders of ADA and LTC to access lending, swaps, liquidity pools, and other decentralized finance tools without leaving the Base network.

To support adoption, Coinbase has removed conversion fees during the initial rollout phase and is actively working with decentralized exchanges to establish deep liquidity for cbADA and cbLTC pairs. Users simply deposit their ADA or LTC to eligible Coinbase addresses and receive wrapped equivalents on Base—redeemable at any time in reverse.

This initiative aims to increase the utility of non-Ethereum assets by making them usable across a broader DeFi ecosystem. With Base securing over $12 billion in assets, its growth makes it an ideal hub for expanding token functionality. Regular attestations will be published to ensure continued trust and accountability for all wrapped tokens. By bringing ADA and LTC on-chain via cbTokens, Coinbase is pushing forward a future where multi-chain integration and accessibility become standard in crypto finance.