Coinbase Wrapped XRP
web3VerifiedCoinbase Wrapped XRP is a web3 protocol centered around the CBXRP token. cbXRP is fungible 1:1...
Stage
Series B
Funding
Undisclosed
Team
0
0.0Mission ScoreFixed 0-100 scale
About
Coinbase Wrapped XRP is a web3 protocol centered around the CBXRP token. cbXRP is fungible 1:1 with a dedicated reserve of XRP held at Coinbase. The process of minting (sending) and burning (redeeming) cbXRP ensures trust and transparency, providing a frictionless experience for users. When a user requests a withdrawal of cbXRP, Coinbase holds the corresponding amount of XRP in its custody to back the cbXRP minted.
Expert Insight
Verified Series B project.
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ProtocolInfrastructure
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