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A Beginner's Guide to Understanding Wrapped Tokens

What Are Wrapped Tokens? A wrapped token is a digital asset pegged to the value of an original cryptocurrency or token, usually mirroring the price of that digital asset on a 1:1 ratio. As a rule, wrapped tokens reside on different blockchains than the underlying asset.

In this beginner’s guide, we’ll break down what wrapped tokens are, how they work, their use cases, and why they matter. We’ll also provide actionable insights to integrate wrapped tokens

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