Coinbase has launched cbLTC, a wrapped version of Litecoin, on its Ethereum Layer-2 chain, Base. This ERC-20 token is backed 1:1 by real LTC held in Coinbase custody, giving Litecoin holders their first direct access to Ethereum-based DeFi platforms without the need for third-party bridges or external custodians.
By 10:40 a.m. IST on 26 June 2025, Coinbase’s live dashboard showed 11,364 LTC in total reserve, backing 11,305 freshly minted cbLTC. Three wallets hold the lot, and one of them—LTbMyvoyfSuQNqG5cGihin6BCbiZay11rU—carries almost the entire stack with 11,336.5 LTC.
Now that cbLTC is out in the wild, anyone can move their Litecoin around Base as an ERC-20, drop it into Uniswap or Aerodrome pools, or park it on PancakeSwap for yield—no sketchy bridges, no leaving Coinbase’s walls.
The only contract that matters is 0xcb17C9Db87B595717C857a08468793f5bAb6445F, so double-check that hash before you hit send.
Litecoin has long been praised for quick, cheap payments, yet it rarely made headlines in DeFi. cbLTC fixes that. Swap it, lend it, stake it; suddenly LTC has real skin in the Ethereum game.
Worth noting: Coinbase also unwrapped Cardano’s ADA as cbADA on Base. Same 1:1 backing, same DeFi doors opening. With these two additions, Coinbase now counts six wrapped heavyweights on Base and looks set to turn the network into a serious cross-chain playground.
Also Read: Hut 8 Doubles Coinbase’s Bitcoin-backed Credit Line to $130 Million
