WETH is a representation of Ethereum (ETH) on the blockchain. It is an ERC-20 token, as opposed to ETH, which is the native currency of the Ethereum network. This ERC-20 compatibility allows WETH to be used within decentralized applications (dApps) and smart contracts that require tokens adhering to the ERC-20 standard. This versatility is particularly valuable in the decentralized finance (DeFi) ecosystem, where WETH can be utilized for providing liquidity, participating in decentralized exchanges, and serving as collateral for loans.
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The Russian Ruble (RUB) is the official currency of Russia, issued by the Central Bank of Russia. It is widely used in trade across Eastern Europe and Asia, especially in energy markets. In the crypto space, RUB trading pairs are available on select exchanges, and Russia has explored blockchain-based financial systems as part of its digital economy initiatives.