What Are Wrapped Cryptocurrency Tokens and How Do They Work?

What Are Wrapped Cryptocurrency Tokens and How Do They Work?

There’s altcoins, stablecoins, memecoins, and then there are wrapped Bitcoin (WBTC), wrapped Ethereum (WETH), and wrapped Dogecoin (WDOGE). It turns out, almost every cryptocurrency can be “wrapped,” and they are vital to the DeFi space.

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