COCA Secures Strategic Funding to Expand Stablecoin Payments

COCA.xyz, a next-generation non-custodial payments app, has successfully completed a strategic funding round led by the Stellar Development Foundation (SDF), with participation from FunFair Ventures. This investment aims to accelerate COCA’s mission to make stablecoin payments seamless, secure, and accessible to a global audience, bridging the gap between traditional finance and blockchain-powered transactions.

Since its launch a year ago, the COCA wallet has garnered over 1 million users, demonstrating the potential of stablecoins in transforming payments. Unlike traditional wallets that are often complex and difficult to use, COCA is designed for mass-market adoption. It removes barriers such as private key risks, expensive fees, and limited merchant acceptance. By integrating with the Stellar network, COCA users can pay with stablecoins at over 80 million merchants across 200+ countries using COCA’s non-custodial Visa debit cards and IBANs.

Pavel Matveev, Product Advisor at COCA, highlighted the strategic significance of this investment. “This investment is not just financial; it’s a strategic milestone,” he said. “COCA and Stellar Development Foundation share the same vision—making everyday financial services accessible. Leveraging stablecoins to make payments increases accessibility for people around the globe. With Stellar’s support, we will scale faster, enhance our platform, and deepen our integration with the Stellar ecosystem, including MoneyGram for global remittances, first-class support for Soroban smart contracts, and partnerships with other Stellar-based projects.”

Denelle Dixon, CEO & Executive Director of the Stellar Development Foundation, echoed this sentiment. “Stablecoins are powering payments and driving adoption of blockchain technology and opening up economic opportunities for hundreds of millions of people across the world,” she said. “COCA’s approach will power the growth of stablecoin payments because of their user-friendly, non-custodial approach. The Stellar Development Foundation is proud to support COCA.”

COCA’s platform is designed to make stablecoin payments seamless, secure, and widely accessible. Key features include seamless stablecoin payments via non-custodial debit cards and IBANs, deep Stellar integration, MPC security and anonymous biometric backup, Universal Gas Token (UGT) for covering gas fees across multiple chains, zero-fee swaps and cross-chain transactions, and cashback in crypto on every transaction.

With this funding, COCA is poised to accelerate its growth, expand its ecosystem, and drive mass adoption of stablecoin payments. The investment will empower users to transact globally with unparalleled ease and security, further bridging the gap between traditional finance and blockchain-powered transactions.

COCA is a next-generation, non-custodial payment app that makes stablecoin transactions seamless. By integrating MPC security, gas-free transactions, and embedded banking features, COCA enables users to buy, swap, and spend stablecoins and digital assets effortlessly anywhere in the world.

The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open-source network that connects the world’s financial infrastructure. Founded in 2014, the Foundation helps maintain Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology.

FunFair Ventures supports early-stage blockchain projects through funding and advisory services. Utilizing its own capital, the firm delivers genuine value and ongoing support to its investment partners. Since 2016, FunFair Ventures has been actively involved in developing, launching, operating, and marketing successful decentralized gaming applications, as well as managing a top 100 ERC20 token economy. With extensive expertise in gaming, blockchain technology, and tokenomics, the company brings deep industry knowledge to its investments.

This strategic investment from the Stellar Development Foundation and FunFair Ventures underscores the growing importance of stablecoins in the financial ecosystem. By leveraging the Stellar network, COCA aims to make stablecoin payments more accessible and user-friendly, driving mass adoption and bridging the gap between traditional finance and blockchain technology. The collaboration between COCA, the Stellar Development Foundation, and FunFair Ventures is set to revolutionize the way people transact globally, making financial services more inclusive and efficient.