STABLECOINS | Leading African Fintech, Flutterwave, Selects TurnKey to Power Verifiable Stablecoin Wallets Across Africa

In a major milestone for crypto-native payments in Africa, Flutterwave, one of the continent’s largest payments infrastructure platforms, has teamed up with TurnKey to launch secure and verifiable stablecoin balances for merchants and users.

Through this collaboration, Flutterwave is integrating Turnkey’s embedded wallet infrastructure to offer USDC and USDT stablecoin balances alongside traditional fiat balances, enabling faster, cheaper, and always-on cross-border payments across its network.

Stablecoins are increasingly seen as a bridge between traditional finance and digital value especially in markets with volatile local currencies or costly remittance flows. By embedding stablecoin wallets directly into Flutterwave’s platform, businesses and individuals can receive, hold, and transfer value seamlessly without having to manage complex wallet software or private keys.

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Nkem Abuah, Lead for Remittances & Stablecoin Partnerships at Flutterwave, highlighted this integration as a key step toward making regulated stablecoins part of everyday payments infrastructure across Africa.

“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.”

Turnkey CEO, Bryce Ferguson, noted that powering scalable stablecoin balance infrastructure with verifiable security mechanisms helps ensure more efficient flows of capital with fewer intermediaries, directly putting value into the hands of businesses rather than costly middlemen.

“We share Flutterwave’s belief that stablecoins offer an incredibly efficient way to accelerate payments and put more money directly into the hands of business owners rather than intermediaries.”

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TurnKey: The Infrastructure Powering the New Wallet Generation

Turnkey’s core proposition is building a secure, programmable, and verifiable wallet infrastructure layer that solves some of the most persistent challenges in crypto.

These challenges include:

1.) Removing Wallet Complexity

Traditional wallets require users to manage seed phrases and deal with cryptographic key storage – barriers that keep mainstream audiences out. TurnKey eliminates this by enabling embedded wallets that users can access with familiar authentication mechanisms (email, phone, biometrics) without ever exposing seed phrases.

This approach significantly lowers the technical and security friction for both users and developers launching services like payments, trading, or DeFi. Developers can deploy secure non-custodial wallets in weeks, not months, removing infrastructure bottlenecks and accelerating product rollout.

2.) Verifiable Security by Design

A defining feature of TurnKey’s infrastructure is its emphasis on verifiability: every critical operation, from wallet creation to policy evaluation and transaction signing, occurs inside secure enclave environments, producing cryptographic proofs that operations were executed exactly as intended.

This means platforms using TurnKey can independently audit and verify the integrity of their wallet infrastructure without blind trust, addressing one of the key concerns for regulators and enterprise adopters.

3.) Programmability, Scalability, and Automation

In 2025, TurnKey shipped more than a dozen capabilities aimed at real-world use cases: modular embedded wallet kits, multi-chain support, native on-and off-ramp integrations (e.g., Coinbase, MoonPay), policy-driven signing controls, and developer SDKs that accelerate integration.

These tools help teams focusing on payments (like Flutterwave), DeFi apps, mobile exchanges, or autonomous Web3 agents integrate wallet functionality without reinventing infrastructure, letting them focus on UX and core product differentiation.

Turnkey’s rise has been matched by market validation:

• In June 2025, the company raised a $30 million Series B round led by Bain Capital Crypto, with participation from Sequoia, Lightspeed Faction, Galaxy, Wintermute, and Variant bringing total funding to over $50 million. The round underscored investor confidence in secure, open infrastructure as the foundation for next-generation crypto applications.
• In the same period, TurnKey was named to CNBC’s 2025 World’s Top Fintech Companies list, further validating its role as a core infrastructure provider at the intersection of traditional finance and crypto.

Flutterwave’s adoption of TurnKey’s wallet infrastructure reflects a broader trend: crypto primitives like stablecoins are moving from fringe use cases into mainstream financial rails, especially in markets where cross-border payments, remittances, and digital commerce demand speed and efficiency.

By lowering the technical barriers to wallet creation and secure key management, Turnkey is helping companies like Flutterwave and others in payments, trading, DeFi, and AI-driven automation unlock digital asset flows in ways that are compliant, secure, scalable, and user-friendly.

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