Coinbase has picked Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridge for all Coinbase Wrapped Assets, linking them to the same Chainlink oracle networks that feed price and other data to decentralized finance (DeFi) protocols, the firms announced on Thursday.
The deal covers tokens such as cbBTC, cbETH, cbDOGE, cbLTC, cbADA and cbXRP, which together hold about $7 billion in market value at the time of writing. These wrapped versions represent assets held by Coinbase and let users move exposure into other networks and applications that do not natively support those coins.
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