cbxrp

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.

ChainCatcher news, according to official news from Coinbase Assets, Coinbase is about to launch cbADA, cbDOGE, cbLTC, and cbXRP tokens. These assets are not yet online, and the specific launch date will be announced separately. At the same time, Coinbase Assets specifically reminds users to be cautious of false trading information, emphasizing that there may currently be fraudulent activities where individuals claim these assets are available for trading.It is reported that cbADA, cbDOGE, cbLTC, and cbXRP are Coinbase's bridged tokens, corresponding to the wrapped versions of Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP), designed specifically for Coinbase's Ethereum Layer2 network Base, following the launch of cbBTC.