Decoding Wrapped Tokens: STETH, WBTC, RETH To utilize cryptocurrencies across various networks and applications, coins are transmitted through cross-chain bridges, which give the asset the status of being "wrapped." Arbitrum announced integration with Coinbase Platform's users can now send and receive ETH, DAI and WBTC on Arbitrum. Wrapped Bitcoin (WBTC): the first wrapped token Wrapped Bitcoin (WBTC) is a wrapped token, originally launched on the Ethereum network under the ERC-20 standard. As WBTC is backed by Bitcoin, its value is always determined by the Bitcoin price..
