After cbBTC and cbETH, Coinbase is going to start working on cbDOGE, cbXRP, cbLTC, and cbADA. In the past, there have been countless projects and ideas trying to bring non-Turing Complete assets to Ethereum in various ways, but none have been able to scale.
This year, I feel it is different. The trend of regulatory compliance is clear, user acceptance is rising, and a large amount of assets that cannot participate in on-chain financial activities will flow into on-chain and DeFi through this method.
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