Flutterwave launches stablecoin balances through Turnkey and Nuvion partnership

Flutterwave has partnered with blockchain infrastructure provider Turnkey and global banking platform Nuvion to introduce stablecoin balances for merchants and users across its platform.

The feature allows Flutterwave customers to hold and transact in USDC and USDT alongside existing fiat balances such as the US dollar and the naira, directly within embedded wallets on Flutterwave products. Access will initially be limited to a select group of merchants, with broader rollout planned after testing.

According to Flutterwave, the move supports its strategy to position stablecoins as a core part of Africa’s financial infrastructure, particularly for businesses that operate across borders and face high costs and delays under traditional settlement systems.

“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 for Remittances and Stablecoin Partnerships at Flutterwave.

Turnkey will provide the embedded wallet infrastructure and security layer for the stablecoin balances, while Nuvion will connect fiat and stablecoin rails through its AI-powered banking platform. The integration allows merchants to move between currencies within a single wallet environment.

The stablecoin balances will sit alongside Flutterwave’s existing offerings and follow the company’s broader push to reduce reliance on traditional banking rails. In October 2025, Flutterwave partnered with Polygon Labs to make Polygon its default network for cross-border stablecoin settlements. The company also acquired Nigerian open banking startup Mono in 2025, bringing more of its payments stack in-house.

“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,” said Bryce Ferguson, CEO and co-founder of Turnkey.

With the integration, Flutterwave joins other payments and financial platforms, including Polymarket, Axiom, and Alchemy, that use Turnkey’s infrastructure. Turnkey raised $30 million in a Series B round in June 2025 to expand its team and product development.