Flutterwave Adds Stablecoin Balances to Payment Suite

Flutterwave is pushing deeper into digital currency payments. The company has launched Flutterwave stablecoin balances for merchants and users on its platform. The move supports regulated global payment options for African businesses.

The payments firm is working with blockchain infrastructure provider Turnkey and fintech company Nuvion. Together, they aim to deliver secure and verifiable stablecoin transactions. Flutterwave says the partnership will make cross-border trade simpler and more affordable.

With Flutterwave stablecoin balances, users can hold and spend stablecoins alongside traditional currencies. This includes existing fiat balances such as the naira and the US dollar. The company believes this step brings stablecoins closer to everyday payments.

Nkem Abuah, Lead for GEPP ROW, Remittances and Stablecoin Partnerships at Flutterwave, said broader access to regulated methods is essential for growth. “To accelerate business growth in Africa, it must be safe, easy, and affordable for businesses to accept all forms of regulated payment methods, including stablecoin, from a global customer base.” She added that the new system will deliver faster and lower-cost transfers. “By enabling stablecoin balances powered by Turnkey, we are ensuring that multinationals, African enterprises, and individuals using Flutterwave will have access to low-cost, faster, and always-on cross-border payments with stablecoins.”

Testing First, Expansion Next

The company said the technology includes an embedded wallet system. Turnkey provides blockchain infrastructure. Nuvion connects banking and payment rails across fiat and stablecoins. The company is currently testing Flutterwave stablecoin balances with a limited group of merchants. This phase checks performance and reliability before a wider launch.

After testing, stablecoins such as USDC and USDT will be available to verified customers. Users must complete know-your-customer and onboarding checks. Flutterwave says this ensures compliance within a regulated framework.

Turnkey’s chief executive and co-founder Bryce Ferguson also welcomed the partnership. “Flutterwave has shown the transformative potential of stablecoins in helping people start and grow businesses globally.” He added, “We share Flutterwave’s belief that stablecoins offer an efficient way to accelerate payments and put more money directly into the hands of business owners rather than intermediaries.”

Flutterwave says the rollout of Flutterwave stablecoin balances fits its wider strategy. The company wants to expand Africa’s digital payment infrastructure. It also aims to reduce friction in cross-border transactions. For many businesses, faster settlement and lower costs could unlock new markets.