Coti Network, a digital assets payment platform, is partnering with Cardano’s stablecoin hub Ardana, according to a recent <a href="https://medium.com/cotinetwork/coti-ardanas-partnership-43b38f80dd17" target="_blank" rel="nofollow noopener">announcement</a>. The collaboration has triggered a notable rally in COTI token -- the network’s native cryptocurrency -- leading to a new all-time high (ATH) of $0.60.
<h2>COTI Touches New ATH Following Partnership With Cardano’s Ardana Hub</h2>
On September 23, Coti published a blog detailing the highlights of its partnership with  Cardano’s stablecoin hub Ardana. 

[embed]https://twitter.com/COTInetwork/status/1441101250498416648[/embed]

The arrangement will see Ardana introduce decentralized stablecoin payments to ADAPay, a payments gateway developed by the Coti network and <a href="https://www.cryptoknowmics.com/news/cardano-launches-dappstore-for-certified-defi-apps/">Cardano</a>.

This will help ADAPay users leverage their stablecoin holdings for purchases, wherever the gateway is accepted. 

Additionally, millions of merchants and consumers across the world can now access stablecoin payments, which will safeguard them against the volatility of more popular digital assets.

Commenting on the benefits of the partnership, Ryan Matovu, founder of Ardana, stated:

“Both COTI &amp; Cardano have a value proposition that is immediately applicable to each of our day-to-day lives, no matter where we may be. When it comes to e-commerce, it is within our vision to have our stablecoin being able to participate in all walks of life- from yield farming on-chain to financing actual farming off-chain.”

It is worth noting that Cardano’s venture fund, cFund, made its first investment in Coti back in April. By making this investment, Cardano doubled down on its support for the enterprise-grade payment solution, which has been working with the protocol since 2019.
<h2>COTI Achieves New ATH With 51% Price Jump</h2>
After Cardano and Coti’s partnership became public, Coti’s <a href="https://www.cryptoknowmics.com/news/coti-and-terra-luna-technical-analysis-trend-continuation/">native token</a> jumped by nearly 51%, reaching an all-time high of $0.60.

The cryptocurrency has since retraced due to the latest restrictions on cryptocurrencies in China, although it is still 29.8% up over the last week. As of press time, COTI was changing hands at $0.51, with a loss of 2.8% in the last 24 hours.

COTI Hits New ATH Following Partnership With Stablecoin Hub Ardana

Coti Network, a digital assets payment platform, is partnering with Cardano’s stablecoin hub Ardana, according to a recent announcement.

Divya is a postgraduate from Jawaharlal Nehru University specializing in International Relations and a professional writer with more than 5 years of experience writing for the web. She is an avid reader interested in the global financial system and the effects of decentralization. At Cryptoknowmics, she hopes to deliver clear and understandable content to inform readers about the latest events in the crypto sector.

COTI Hits New ATH Following Partnership With Stablecoin Hub Ardana

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