Coinbase selects Chainlink CCIP for its $7B wrapped asset bridge

Coinbase has selected Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the bridge for its $7 billion in wrapped assets, CoinDesk reported. The protocol will allow users to leverage the oracle network to move assets such as cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP between various networks and applications.