COINOTAG News reports that Coinbase has officially designated Chainlink CCIP as the exclusive interoperability provider for all Coinbase Wrapped Assets. This move enhances cross-chain connectivity and standardizes asset bridging for cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, aligning them to a unified interoperability framework and improving settlement efficiency across networks.
The Wrapped Assets portfolio currently traces a combined market value near $7 billion, reflecting the scale of Coinbase‘s on-chain offerings. Leveraging Chainlink CCIP is positioned to bolster liquidity access, increase asset composability, and streamline exposure to DeFi protocols, while maintaining rigorous risk controls and credibility for investors.
Source: https://en.coinotag.com/breakingnews/coinbase-selects-chainlink-ccip-as-exclusive-interoperability-provider-for-all-wrapped-assets-highlighting-cbbtc-wrapped-bitcoin
