Flutterwave Introduces Stablecoin Wallets Through Partnership With Turnkey
Flutterwave has rolled out stablecoin wallet balances for merchants and users across its product suite, marking a major milestone in the company’s effort to build a blockchain-powered alternative to traditional payment rails.
The San Francisco–based payments firm announced that the new feature is being launched in collaboration with Turnkey and Nuvion, enabling users to store, receive, and transact with stablecoins directly within the Flutterwave platform.
The move signals Flutterwave’s growing focus on blockchain-based settlement as a faster and more efficient option for global payments.
Stablecoins Take a Central Role in Flutterwave’s Vision
Flutterwave says the introduction of stablecoin balances positions digital currencies as a core component of its long-term strategy, particularly for African businesses operating across international markets.
The company described the rollout as a step toward making stablecoins a foundational layer of Africa’s financial ecosystem—especially for cross-border transactions, where high fees, slow settlement times, and currency volatility remain persistent challenges.
According to Flutterwave executive Abuah, the stablecoin feature is tailored for multinationals, African enterprises, and individuals who require faster settlement and lower transaction costs when moving money across borders.
He added that stablecoins offer an always-available payment option, reducing dependence on intermediaries and legacy banking systems.
How Flutterwave’s Stablecoin Wallets Operate
The integration introduces embedded blockchain wallets that allow merchants to receive, hold, and transfer stablecoins within Flutterwave’s existing infrastructure.
Turnkey powers the blockchain wallet layer that enables secure embedded wallets, while Nuvion supports the system with its AI-driven global banking and payments platform, built to operate across both fiat and stablecoin rails.
Flutterwave noted that the stablecoin wallets are currently being tested with a limited group of merchants to validate performance and reliability.
Following the testing phase, approved users who successfully complete KYC and onboarding requirements will gain access to USDC and USDT balances, alongside existing fiat currencies such as USD and NGN.
Turnkey Emphasises the Efficiency of Stablecoin Payments
Bryce Ferguson, CEO and co-founder of Turnkey, said the partnership is built on a shared conviction that stablecoins represent a more efficient way to move money globally.
He explained that blockchain-based payments help ensure more value reaches business owners, rather than 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 in use across multiple payments, decentralised finance, and trading platforms, including Polymarket, Axiom, Alchemy, World, and Moonshot.
Turnkey Expands Its Industry Presence
Over the past year, Turnkey has continued to expand its product portfolio and market reach.
The company was named one of the 2025 CNBC World’s Top Fintech Companies and recently introduced Turnkey Verifiable Cloud in private beta—a solution designed to secure sensitive workloads using verifiable computing.
Turnkey has also launched what it describes as the world’s first verifiable wallets, added fiat on-ramp support through MoonPay and Coinbase, and open-sourced QuorumOS, its operating system for end-to-end verifiable infrastructure.
Flutterwave Strengthens Its Bet on Blockchain Payments
Flutterwave says the stablecoin rollout reflects a broader strategy to own more of its payments infrastructure as digital currencies take on a larger role within its platform.
The company believes blockchain-based payments will play a defining role in the next phase of Africa’s digital economy, offering businesses faster settlement, reduced costs, and greater resilience than traditional cross-border payment systems.
As stablecoins move closer to the core of Flutterwave’s platform, the company is betting that this shift could fundamentally reshape how African businesses move money globally.
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