“Wrapped Versions of the Tokens Represent the Original Assets and Offer Compatibility with Base’s Protocol and Decentralized Finance Applications.”, – WRITE: www.coindesk.com
and Dogecoin
Can Now Tap Into Yield-Generation 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 WRAPED 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 Ace.
Wrapped tokens Represent the Original Assets in Environments WHERE ARE OF OtherWise Unovailble, Offering Compatibility with Base’s Protocol and Defi Applications. This facilitates interoperability, Allowing for the Seamless Transfer of Coins with the Ecosystom While Allowing Holders to Tap Into defi and Generate additioner retards on top.
The Wrappe Version of XRP HAS ACHIEved A Market Cap of Over $ 5 Million With the FIRST 24 HOURS, Accounting To Data Source Basescan. WRAPPED DOGE’S Market Cap is Fast Nearing the $ 2 Million Mark.
XRP is a payments -focused Cryptocurrency USED by Ripple to Facilitis Cross-Border Transactions and Has A Market Cap of $ 128.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8.8 Dogecoin, with A Market Value of $ 28.2 Billion, Is The World’s Leading Meme Token by Market Value, Coindesk Data Show.
Coinbase Debuted A Wraped Version of Bitcoin
The Largest Cryptocurrency, On Base in September Last Year. That have reaured a market cap of over $ 4.7 Billion.
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