In the context of cryptocurrency, a "wrapped coin" refers to a tokenized representation of another cryptocurrency or asset on a different blockchain.

Wrapping a coin involves creating a new token on a target blockchain (e.g., Ethereum, Binance Smart Chain, or Solana) that is backed 1:1 by the original coin or asset, which is typically locked in a reserve or escrow.

Wrapped coins enable:

1. Interoperability: Allowing assets from different blockchains to interact and be used on other platforms.
2. Increased liquidity: By creating a new representation of the asset, wrapped coins can increase trading volume and accessibility.
3. Easier integration: Wrapped coins simplify the process of integrating assets from other blockchains into decentralized applications (dApps) and ecosystems.

Examples of wrapped coins include:

- Wrapped Bitcoin (WBTC)
- Wrapped Ethereum (WETH)
- Wrapped Litecoin (WLTC)

Keep in mind that wrapped coins are not the same as the original asset, but rather a tokenized representation of it.