Stablecoin Bank COCA Reaches $1B Valuation
London-based stablecoin bank COCA achieved a $1 billion valuation after its $COCA token surpassed $1.50.Summary
The London-based stablecoin challenger bank, COCA, has reached a $1 billion fully diluted valuation (FDV) following a significant rally in its $COCA token, which surpassed $1.50. This milestone is attributed to strong real-world usage metrics rather than pure speculation, including an Annual Recurring Revenue (ARR) run rate exceeding $3 million just nine months post-launch, generated through payment processing and debit card usage.
COCA has seen rapid growth, evidenced by a 694% surge in Monthly Active Users (MAU) since mid-2025 and a 250% quarter-over-quarter increase in card issuance, signaling a successful transition from a niche DeFi tool to a primary financial hub for retail users seeking stablecoin-powered liquidity.
The project's tokenomics, featuring an "Only Up!" model requiring users to stake $COCA for premium features, incentivizes long-term holding, with no new token distributions planned until December 2026. Furthermore, COCA utilizes a fully non-custodial architecture with Multi-Party Computation (MPC) security to offer the ease of a traditional banking app with cold wallet security.
(Source：BeInCrypto)