After cbBTC and cbETH, Coinbase is set to launch cbDOGE, cbXRP, cbLTC, and cbADA. In the past, there were countless projects and ideas aimed at bringing non-Turing complete assets to Ethereum through various means, but none were able to scale up.

This year feels different; the trend of regulatory compliance is clear, user acceptance is rising, and a large number of assets that are unable to participate in on-chain financial activities will flow onto the chain and into DeFi through this method.