Flutterwave’s latest engineering update offers a rare behind-the-scenes look at how the company is building what it calls Africa’s largest stablecoin infrastructure – a blockchain-based payments backbone designed to place digital value directly into the hands of businesses and consumers across the continent.
At its core, the project is about taking stablecoins – USDT, USDC, and others – beyond speculation and into everyday value movement: low-cost transfers, reliable conversions, and predictable settlement behaviour across fiat and digital rails. The team has already validated live end-to-end flows for inbound and outbound stablecoin transfers and conversions between NGN, USD and major token standards.
The effort is far more than a product sprint – it reflects a deep pivot in Flutterwave’s technology stack toward blockchain-native infrastructure that is predictable, explainable, and intentionally designed to behave exactly as users expect, even in edge cases.
STABLECOINS | Leading African Fintech, Flutterwave, Selects TurnKey to Power Verifiable Stablecoin Wallets Across Africa
Engineering Meets Real-World Value
What distinguishes this initiative from earlier blockchain experiments is the focus on operational realism:
- Robust bookkeeping for transparent value movement
- Stablecoin flows that behave consistently in diverse network conditions
- Support for millions of users from launch day
This isn’t about proving that blockchain works in theory – it’s about deploying it at scale in a payments ecosystem that already moves billions of dollars annually.
ICYMI: Last week, Africa’s largest start-up and payments giant @theflutterwave – valued at $3bn – showcased their $USDC merchant settlement solution built on #Hedera with support from @The_Hashgraph Association’s #Hashgraph Enterprise Program.@BitcoinKE:https://t.co/FsNoYQHCpS
— Hedera (@hedera) October 9, 2023
Why Flutterwave’s Acquisition of Mono Matters
A key element in this puzzle is Flutterwave’s January 2026 acquisition of Nigerian open-banking API provider Mono, a move that has largely flown under the radar outside finance circles.
FINTECH AFRICA | Flutterwave Acquires Nigerian Open Banking Startup, Mono – A Strategic Leap Toward Tokenized Financial Infrastructure
Mono, often dubbed ‘Africa’s Plaid,’ brings capabilities that go far beyond account connectivity:
- Bank account linking and identity verification at scale
- Direct bank transfer capabilities
- Data-driven risk scoring and richer customer profiles
By integrating these functions into its core stack, Flutterwave isn’t just adding open-banking, it’s deepening its infrastructure layer to power customer onboarding, compliance, and fiat-to-stablecoin workflows under one roof. That matters because stablecoin rails depend on seamless interaction with traditional banking systems. Without reliable bank connectivity and risk controls, tokenised value can’t flow safely into and out of fiat systems.
Put simply: Mono’s capabilities help bridge the world of regulated financial data with blockchain-native value settlement. That’s essential when you’re talking about holding and moving customer funds at scale.
From Partnerships to Product Activation
This engineering push also complements Flutterwave’s ongoing blockchain strategy. In late 2025, the company announced a multi-year partnership with Polygon Labs to make Polygon’s layer-2 blockchain the default network for stablecoin payment rails – supporting low-cost, near-instant settlements across more than 30 African markets.
PRESS RELEASE | Flutterwave Collaborates with Polygon as an Infrastructure Partner for Stablecoin Payments Across Africa
Together, these moves signal that Flutterwave isn’t experimenting with crypto on the side – it is architecting a hybrid payments stack where:
- Open banking ensures trusted bank connectivity
- Blockchain rails enable instant, low-fee settlement
- Stablecoins serve as the bridge between fiat and tokenised value
See also
If Flutterwave delivers on this engineering vision:
- Businesses will be able to settle cross-border transactions faster and more affordably
- Consumers could enjoy more predictable and transparent payment flows
- Developers and partners will have a data-rich, blockchain-enabled stack to build on
It’s a bold bet moves beyond payments gateways and into financial infrastructure and it looks like Flutterwave is betting on this to work.
FINTECH AFRICA | ‘Stablecoin Adoption Has the Potential to 10x the Volumes We’re Currently Doing,’ Says CEO, Flutterwave
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