Wrapped BNB (WBNB) is a tokenized version of Binance Coin (BNB) that runs on the Binance Smart Chain (BSC). WBNB is created to be used on the Binance Smart Chain and allows users to interact with various decentralized applications (DApps) and decentralized finance (DeFi) platforms on the BSC ecosystem. It is pegged 1:1 with BNB, meaning that 1 WBNB can always be redeemed for 1 BNB.
