COTI V2 Network Launches with Circle’s USDC as Initial Stablecoin

COTI is expanding its ecosystem with COTI V2, an Ethereum layer two (L2) protocol that enhances data security and speed. Key developments include:

• COTI V2 introduces end-to-end encryption for Web3 protocols.
• Circle’s USDC will be the first stablecoin integrated into COTI V2, improving liquidity.
• Plans to integrate other stablecoins like Djed are underway.

The integration of USDC aims to provide a reliable fiat-backed asset, facilitating various financial applications on the COTI network, including exchange, lending, and borrowing.

Market Impact

• USDC currently has a market cap of approximately $56 billion, compared to Tether's (USDT) $141 billion.
• COTI has seen a 6.3% price increase in the last 24 hours, trading at about $0.084.
• COTI has a fully diluted valuation of around $169 million and a 24-hour trading volume of approximately $24.4 million.
• The token is listed on major exchanges like Binance and Coinbase, enhancing its liquidity.