COCA.xyz has announced the successful completion of a strategic funding round led by the Stellar Development Foundation, with participation from FunFair Ventures. This investment will accelerate COCA's mission to provide seamless, secure, and accessible stablecoin payments globally.
Strategic Funding for COCA
The new funding will allow COCA.xyz to accelerate its growth and deepen integration with the Stellar ecosystem. Since its launch a year ago, the COCA wallet has proven its efficiency, amassing over 1 million users. COCA aims to make stablecoin payments more accessible and convenient by removing barriers such as private key risks, expensive fees, and limited merchant support.
New User Features
COCA offers users numerous new features: using stablecoins for everyday spending via non-custodial debit cards and IBAN; deep integration with MoneyGram's global remittance services and partnerships with Stellar-based projects like Soroban smart contracts; MPC security and anonymous biometric backup to eliminate private key vulnerabilities; Universal Gas Token to cover fees across multiple chains; zero-fee swaps and cross-chain transactions; and cashback in crypto on every transaction.
Support from Stellar Development Foundation
According to Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, their support of COCA is based on confidence in COCA's approach to stablecoin use, which will drive blockchain adoption and expand economic opportunities for people worldwide. Pavel Matveev, Product Advisor at COCA, also highlighted that this is not just financial support, but a strategic milestone that will help scale faster and expand integration within the Stellar ecosystem.
With the secured investment, COCA aims to accelerate its growth and strengthen its position in the stablecoin payments sphere, providing users with convenient and secure transaction solutions worldwide.
