Flutterwave has today announced the launch of stablecoin balances for its merchants and users. The new offering is powered through partnerships with Turnkey, a blockchain infrastructure provider and Nuvion, an AI-powered global banking and payments platform built on both fiat and stablecoin rails.
Together, the trio is enabling Flutterwave users to hold and transact in stablecoins directly within the Flutterwave ecosystem.
“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.
In practical terms, this means African merchants can now receive, hold, and move value using stablecoins the same way they would with traditional currencies, but with fewer delays, lower fees, and no banking-hour restrictions.
At the core of this rollout is an embedded wallet experience built directly into Flutterwave’s platform.
Flutterwave merchants will have stablecoin balances available inside their existing Flutterwave accounts instead of relying on external crypto wallets or third-party services . This is powered by Turnkey’s verifiable wallet infrastructure and Nuvion’s global payments stack, which connects fiat and stablecoin systems.
The initial phase will support transactions in USDC, USDT, USD and NGN. Flutterwave says access will begin with a select group of merchants before scaling to all approved users later this year.
Turnkey and Nuvion
Turnkey brings the wallet and security layer. The company provides embedded wallet infrastructure with verifiable security. This means that transactions and balances can be cryptographically proven rather than simply trusted.
“Stablecoins offer an incredibly efficient way to accelerate payments and put more money directly into the hands of business owners rather than intermediaries,” said Bryce Ferguson, CEO and co-founder of Turnkey.
Nuvion, on the other hand, connects the global banking and payments side. Its platform blends traditional fiat rails with stablecoin infrastructure. This allows Flutterwave to bridge crypto and conventional finance without forcing merchants to choose one world over the other.
Flutterwave is positioning stablecoins as a core pillar of Africa’s financial ecosystem.
For these and more stories, follow us on X (Formerly Twitter), Facebook, LinkedIn and Telegram. You can also send us tips or reach out at info@techarena.co.ke.
Also Read: Understanding Stablecoins: The Bridge Between Cryptocurrencies and Traditional Finance