Flutterwave has launched stablecoin balances for merchants and users on its platform, partnering with wallet infrastructure provider Turnkey and global banking platform Nuvion to support embedded wallets for cross border payments.
Founded in 2016 by Olugbenga Agboola and Iyinoluwa Aboyeji, Flutterwave has grown into one of Africa’s largest payments infrastructure firms by helping businesses accept and move money across markets. The company is now extending that core pitch into stablecoins, as more merchants look for faster settlement and lower fees than traditional banking routes often allow.
The new feature lets selected users hold and transact in stablecoins such as USDC and USDT, alongside fiat balances including the U.S. dollar and the naira, within Flutterwave’s products. The company said the rollout will start with a limited group of merchants, with plans to expand access later in the year.
Nkem Abuah, Flutterwave’s lead for remittances and stablecoin partnerships, said the aim is to make it easier for African businesses to accept regulated payment methods from a global customer base, including stablecoins.
Turnkey is providing the wallet and security layer that powers the embedded wallet experience, while Nuvion is designed to bridge fiat and stablecoin rails so merchants can move between currencies within a single workflow. Turnkey chief executive Bryce Ferguson said stablecoins can reduce reliance on intermediaries and improve efficiency for business owners.
Flutterwave has been building toward this shift. In October 2025, it partnered with Polygon Labs for cross border stablecoin settlement, and it has continued to expand its infrastructure footprint, including its acquisition of Nigerian open banking startup Mono in 2025.