Flutterwave has announced the launch of stablecoin balances for its merchants and users. This strategic move, achieved through a collaboration with Nuvion and Turnkey, aims to establish stablecoins as a primary pillar of Africa’s financial ecosystem, offering a faster and lower-cost alternative to traditional cross-border transactions.
By integrating secure, verifiable stablecoin infrastructure into its suite of offerings, Flutterwave is positioning itself at the forefront of the continent’s next wave of financial transformation.
The new feature allows multinationals, African enterprises, and individual users to maintain and transact using stablecoin balances. By bypassing traditional banking intermediaries, Flutterwave aims to reduce the friction and high costs often associated with international trade.
“To accelerate business growth in Africa, we must make it safe, easy, and affordable for businesses to accept all forms of regulated payment methods, including stablecoin, from a global customer base,” said Nkem Abuah, Lead, GEPP ROW, Remittances & Stablecoin Partnerships at Flutterwave.
To deliver this always-on payment experience, Flutterwave has tapped into specialized blockchain technology. Turnkey provides the embedded wallet infrastructure and verifiable blockchain security, while Nuvion offers an AI-powered banking platform that bridges the gap between fiat and stablecoin systems.
The initial rollout will allow a select group of merchants to transact in USDC and USDT, alongside traditional fiat currencies like USD and NGN. A broader expansion to all approved Flutterwave merchants is scheduled for later this year.
By partnering with Turnkey, recently named one of the 2025 CNBC World’s Top Fintech Companies, Flutterwave joins an elite group of platforms like Polymarket and Alchemy in utilizing verifiable cloud security for financial workloads.
Bryce Ferguson, CEO and co-founder of Turnkey, highlighted the mission-driven nature of the partnership: “We share Flutterwave’s belief that stablecoins offer an incredibly efficient way to accelerate payments and put more money directly into the hands of business owners rather than intermediaries.”
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