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wUSDT, or Wrapped USDT, for Jetton on the TON network functions similarly to other wrapped tokens. Wrapped tokens, like wUSDT, are tokenized versions of cryptocurrencies that maintain a value equivalent to the original coin and can be exchanged back into the original asset at any time. Just as Wrapped Ether (WETH) or Wrapped Bitcoin (WBTC) represent their respective cryptocurrencies on different blockchains, wUSDT represents USDT in the TON ecosystem. This allows for smoother transactions and increased interoperability within the blockchain environment. Essentially, wUSDT is to USDT what stablecoins are to the USD, providing a bridge between different blockchain systems while maintaining value consistency.