Stablecoins are becoming the buzzword in the African fintech startup space. Flutterwave, a leading fintech payment platform, has entered into a series of partnerships to advance its stablecoin ambitions. It recently raised a Series E to push forward.
Africa’s stablecoin market is the fastest-growing in the world. While global stablecoins like USDT dominate, cNGN (Consortium Naira), Nigeria’s first licensed and compliant Naira stablecoin, is bridging the gap.
In May 2026, three stablecoin startups raised funding despite the slow month. In this article, Condia examines the top startups driving adoption, ranked by total disclosed funding.
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Last updated: June 23, 2026
