Key Notes

Key Notes:

The protocol introduces EVM compatibility and end-to-end encryption while leveraging USDC to bootstrap DeFi ecosystem development.This strategic partnership positions USDC to compete with USDT’s market dominance through expanded layer-2 accessibility.COTI token gains momentum on major exchanges as V2 launch drives increased trading volume and market valuation.

COTI, an Ethereum layer two (L2) protocol specializing in high-speed transactions and enhanced data security, is expanding its ecosystem with COTI V2. This EVM-compatible network introduces end-to-end encryption capabilities for Web3 protocols, while incorporating Circle’s bridged USDC standard as part of its infrastructure development.

With USDC as the pioneering stablecoin on COTI V2, the protocol aims to enhance Web3 liquidity. The team is also developing integration plans for additional stablecoins, including the Cardano (ADA)-based Djed, to further expand liquidity options and flexibility.

“As a popular stablecoin with high levels of liquidity, USDC will provide users a reliable fiat-backed, “hard peg” to the US dollar, helping bootstrap COTI’s DeFi ecosystem. This will enable a range of financial applications to thrive on the COTI network such as exchange, lending, and borrowing,” the team noted.

The strategic integration of COTI $0.0824 24h volatility: 2.4% Market cap: $147.74 M Vol. 24h: $14.10 M and USDC $1.00 24h volatility: 0.0% Market cap: $57.09 B Vol. 24h: $3.14 B will have a long-term impact on the respective projects. As for USDC, the market demand will help it compete with its peers, led by Tether’s USDT $1.00 24h volatility: 0.1% Market cap: $142.50 B Vol. 24h: $21.07 B .

As of this writing, Circle’s USDC has a total market cap of about $56 billion, compared to Tether’s USDT with about $141 billion. With the COTI network committed to developing scalable DeFi projects on the Ethereum ecosystem, USDC is well-positioned to gain more market share in the future.

Meanwhile, the COTI price pumped around 6.3 percent in the past 24 hours to trade at about $0.084 at the time of this writing. The small-cap altcoin, with a fully diluted valuation of about $169 million and a 24-hour average trading volume of about $24.4 million, has gradually gained bullish momentum.

The COTI token is listed on top-tier crypto exchanges, led by Binance and Coinbase Global Inc. (NASDAQ: COIN), thus boosting its liquidity and trading volume from DEXes.

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