Pavel Matveev of COCA, a non-custodial stablecoin-native wallet built on Stellar, is featured in the Stellar Community Fund Spotlight series. COCA received a $50K SCF grant and a $1M Series A investment from SDF to integrate USDC support and solve Web3 security and usability challenges for mass-market adoption.
This article profiles Pavel Matveev and COCA, a retail-focused, non-custodial wallet that addresses key barriers to cryptocurrency adoption through Multi-Party Computation (MPC) technology and non-custodial debit cards. COCA was built on Stellar because of the network's early focus on payments and real-world use cases. Through the 25th round of the Stellar Community Fund, COCA received a $50K grant to integrate USDC support, enabling users to spend stablecoins at 80 million merchants globally. This success led to a $1M Series A investment from the Stellar Development Foundation. The article emphasizes how SCF provides not just funding but also community support and network access that enables projects like COCA to achieve rapid growth and real-world impact.
