Coinspeaker
COTI V2 Network Integrates Circle’s USDC as First Stablecoin Partner
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
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