
BITWU.ETH|May 14, 2025 01:24
🧐 Coinbase expands Base ecosystem again: launches cbADA, cbDOGE, cbLTC, cbXRP——
Another sign of a bull market:
Coinbase announced that it will soon launch 4 new bridge connected tokens, which will only happen when the liquidity is good. Obviously, everything is ready, wait and see!
CbADA (corresponding to Cardano ADA);
CbDOGE (corresponding to Dogecoin DOGE);
CbLTC (corresponding to Litecoin LTC);
CbXRP (corresponding to Ripple XRP);
Did you understand
Following cbETH and cbBTC, Coinbase is installing a bunch of "non Ethereum based old coins" into its Base network——
Unified standards, packaging and launch, from now on they are all named CB: not only bridging assets, but also an advanced version of asset standardization and stablecoin.
What I see is: 'Compatible with multiple chains', Coinbase is quietly building a' centralized Layer2 empire ':
All liquidity is only recognized as CB assets; All entrances cannot bypass the base.
Here are a few points worth noting:
one ️⃣ The compatibility expansion strategy of Base is obvious
At first, Base focused on native ETH assets, but now it is introducing packaged versions of non EVM chain assets. This indicates that Coinbase is attempting to create a 'multi asset unified operation layer'.
two ️⃣ Low threshold to attract mainstream coin users
DOGE, XRP, and LTC represent a large number of retail users in the non DeFi community. The launch of the CB version will help attract them to enter the Base network and gradually participate in deeper on chain activities.
three ️⃣ Coinbase's Stable Coinization Path
From cbETH to cbBTC, and now to the cbXXX series, they all belong to a "Coinbase standard asset" route - unified packaging, controllable compliance, circulation on the Base, and DeFi operations.
four ️⃣ This is a significant benefit for the Base DeFi ecosystem
These CB assets can be used for lending, trading, income aggregation and other modules on Base, which means a package of benefits such as liquidity expansion, new asset support, and potential TVL enhancement.
📌 Summary in one sentence:
Coinbase is bringing non Ethereum mainstream currencies under its umbrella, using cbToken to attract them to the Base and unify them for circulation within its own Layer 2 kingdom——
This is an alternative 'inclusive expansion' under the narrative of stability, security, and compliance.
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