COCA, a stablecoin payments platform, has secured strategic investment from the Stellar Development Foundation and FunFair Ventures. The funding will accelerate COCA's expansion within the Stellar ecosystem, enabling seamless stablecoin payments through non-custodial debit cards and IBANs to over 80 million merchants worldwide.
COCA announced a major funding round from the Stellar Development Foundation (SDF) and FunFair Ventures to scale its stablecoin payment platform. Since launching a year ago, COCA has onboarded over 1 million users and offers non-custodial Visa debit cards and IBANs powered by deep Stellar network integration. The investment will support expansion of COCA's features including MPC security, biometric backup, Universal Gas Token (UGT) for cross-chain gas payments, zero-fee swaps, and crypto cashback rewards. SDF CEO Denelle Dixon emphasized that COCA's user-friendly, non-custodial approach aligns with the Foundation's vision of making financial services accessible globally. The funding positions COCA to revolutionize everyday stablecoin adoption by removing friction from payments and intermediaries.
