Flutterwave Rolls Out Stablecoin Wallets in Partnership With Turnkey
Flutterwave has launched stablecoin balances for its merchants and users across all its products, marking a significant step in its push to build an alternative payment infrastructure powered by blockchain-based settlement rather than traditional banking rails.
The San Francisco-headquartered payments company said the new feature is being rolled out through partnerships with Turnkey and Nuvion, enabling users to hold, receive, and transact with stablecoins directly on the Flutterwave platform.
Stablecoins Become Central to Flutterwave’s Strategy
Flutterwave said the move positions stablecoins as a core pillar of its long-term strategy to support cross-border payments for African businesses operating in global markets.
The company described the launch as a step toward making digital currencies a foundational layer of Africa’s financial ecosystem, particularly for international transactions where delays, high fees, and currency volatility remain persistent challenges.
According to Flutterwave executive Abuah, the stablecoin offering is designed to support multinationals, African enterprises, and individuals who require faster settlement and lower transaction costs when moving money across borders. He noted that stablecoins provide an always-on payment option that reduces reliance on intermediaries and legacy banking systems.
How the Stablecoin Wallets Work
The integration introduces embedded wallets that allow merchants to receive, store, and transfer stablecoins within Flutterwave’s existing infrastructure.
Turnkey provides the blockchain wallet layer that powers the embedded wallets, while Nuvion supports the system with its AI-driven global banking and payments platform built on both fiat and stablecoin infrastructure.
Flutterwave said the solution is currently being tested with a select group of merchants to ensure performance and reliability. Following this testing phase, approved users who complete the required KYC and onboarding processes will gain access to USDC and USDT balances alongside existing currencies such as USD and NGN.
Turnkey Highlights Efficiency of Stablecoin Payments
Bryce Ferguson, CEO and co-founder of Turnkey, said the partnership reflects a shared belief in stablecoins as a more efficient way to move money globally.
He explained that the technology helps ensure more value reaches business owners instead of being lost to intermediaries and processing fees. Through Turnkey’s infrastructure, Flutterwave gains access to verifiable blockchain systems designed to support embedded wallets, automated transactions, and provable security.
Turnkey’s technology is already used by several payments, decentralised finance, and trading platforms, including Polymarket, Axiom, Alchemy, World, and Moonshot.
Turnkey’s Growing Industry Footprint
Over the past year, Turnkey has expanded its product offerings and market presence. The company was named one of the 2025 CNBC World’s Top Fintech Companies and recently launched Turnkey Verifiable Cloud in private beta, a product designed to secure sensitive workloads through verifiable computing.
It has also introduced what it describes as the world’s first verifiable wallets, added fiat on-ramp support via MoonPay and Coinbase, and open-sourced QuorumOS, its operating system for end-to-end verifiable infrastructure.
Flutterwave Bets on Blockchain-Based Payments
Flutterwave said the stablecoin launch builds on a broader shift toward owning more of its payments stack. As stablecoins move closer to the centre of its platform, the company is betting that blockchain-based payments will play a defining role in the next phase of Africa’s digital economy.
The company believes that stablecoins could significantly reshape how African businesses move money globally, offering faster settlement, lower costs, and greater resilience than traditional cross-border payment systems.
