Coinbase launches cbDOGE and cbXRP tokens on the Base chain

ChainCatcher news, Coinbase officially announced the launch of two new tokens, cbDOGE and cbXRP, on the Base chain. These are both ERC-20 standard tokens, backed 1:1 by native DOGE and XRP held by Coinbase. To prevent counterfeit tokens, the official contract addresses have been published: cbDOGE (0xcbD06E5A2B0C65597161de254AA074E489dEb510) and cbXRP (0xcb585250f852C6c6bf90434AB21A00f02833a4af).

Coinbase emphasizes that it holds a 1:1 reserve of the underlying assets and provides a reserve proof link to enhance transparency.