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About Wrapped XRP
Wrapped XRP (wXRP) is an ERC-20 token on the Ethereum blockchain that is backed 1:1 by XRP. Launched through a collaboration between Tokensoft and various custodians via Wrapped.com, it enables XRP holders to participate in the Ethereum DeFi ecosystem for lending, borrowing, and trading. Each token is fully collateralized and held by qualified custodians to ensure its value remains pegged to the native XRP asset.
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