Flutterwave has rolled out stablecoin balances for its merchants and users across its platform, reinforcing its strategy to build a blockchain-powered payments infrastructure that reduces reliance on traditional banking rails.
The San Francisco-based payments company announced that the new feature is made possible through collaborations with Turnkey and Nuvion, allowing users to store, receive, and transact stablecoins directly within the Flutterwave ecosystem.
Stablecoins Form Core of Flutterwave’s Strategy
Flutterwave said the launch establishes stablecoins as a key part of its long-term vision to facilitate cross-border payments for African businesses in global markets.
The company described the rollout as a move toward making digital currencies a foundational layer of Africa’s financial ecosystem, addressing persistent challenges such as transaction delays, high fees, and currency volatility.
According to Flutterwave executive Abuah, the stablecoin wallets are intended for multinationals, African enterprises, and individual users seeking faster settlement and lower transaction costs for cross-border payments. He emphasised that stablecoins provide an “always-on” payment option, reducing dependence on intermediaries and legacy banking systems.
Embedded Wallets and How They Function
The integration introduces embedded wallets that enable merchants to hold, send, and receive stablecoins directly within Flutterwave’s existing platform.
Turnkey provides the blockchain wallet infrastructure powering these wallets, while Nuvion delivers AI-driven support through its global banking and payments system, which integrates both fiat and stablecoin operations.
Flutterwave confirmed that the system is currently being piloted with select merchants to ensure reliability and performance. Following the testing phase, approved users who complete KYC and onboarding will be able to access USDC and USDT, alongside standard currencies like USD and NGN.
Turnkey Highlights Stablecoin Efficiency
Bryce Ferguson, CEO and co-founder of Turnkey, said the collaboration reflects a shared commitment to efficient global money movement via stablecoins.
He added that Turnkey’s blockchain infrastructure ensures that more value reaches businesses by reducing intermediary fees and transaction costs, and offers embedded wallets, automated payments, and verifiable security.
Turnkey’s platform is already deployed by several fintech, DeFi, and trading solutions, including Polymarket, Axiom, Alchemy, World, and Moonshot.
Turnkey’s Expanding Industry Impact
Over the past year, Turnkey has broadened its services and market footprint. The company was named one of CNBC World’s Top Fintech Companies 2025 and recently introduced Turnkey Verifiable Cloud in private beta, a solution designed to secure sensitive workloads via verifiable computing.
Turnkey has also launched the world’s first verifiable wallets, integrated fiat on-ramps through MoonPay and Coinbase, and open-sourced QuorumOS, its operating system for end-to-end verifiable financial infrastructure.
Flutterwave Bets on Blockchain to Transform African Payments
Flutterwave said the stablecoin wallet launch is part of its broader push to control more of its payments stack. As stablecoins become central to its platform, the company expects blockchain-based payments to drive the next phase of Africa’s digital economy.
The company believes that stablecoins will allow African businesses to move money faster, at lower cost, and with greater reliability than traditional cross-border payment systems.
