Coca Wallet Releases Upgrade, Focuses On Stablecoin Cashback And Rewards

COCA has launched COCA 2.0 aimed at enhancing real-world usability with stablecoins for its 1M users, according to PRNewswire.

The new version of the self-custodial banking app builds on their existing global stablecoin movement through their partnership with the Visa card network and focuses on the way in which customers are using their stablecoin balances in-app.

Specifically, the changes include up to 6% APY on idle balances, 0 fee swaps on selected chains, up to 8% cashback on daily spending, 50% on popular streaming services, 50% on permitted hotel bookings, as well as other buy/sell crypto-native actions.

CEO Vasili Palau emphasized the shift in both strategy and in user behavior:

"We saw that people weren't just holding crypto anymore - they wanted to live on it. With COCA 2.0, we're unlocking real utility: not just storage, but spending, rewards, and financial growth - all without compromising on user control."

The company’s research claims up to 70% of stablecoin funds are passively held in wallets, meaning that over the coming years users will be able to experiment with more market products across yield, staking, savings and reward programs.

Backed by industry leaders Stellar Network and Funfair Ventures, the team at COCA are betting on the future of the stablecoin economy, as well as on the durability of self-custodial wallet infrastructure, with MCP and biometric security built-in.