Flutterwave Integrates USDC Stablecoin for Instant Cross-Border Settlement Following Circle Investment.
Nigerian fintech Flutterwave has received a strategic investment from Circle Ventures and integrated USDC stablecoin settlement into its payments platform.
The company’s founder and CEO, Olugbenga Agboola, announced the development in a blog post on Tuesday, July 7.
He noted that the move comes as global demand for stablecoin-based payments continues to grow, with businesses seeking faster settlement, lower transaction costs and greater access to dollar liquidity for international commerce.
This investment from Circle comes weeks after the company secured a strategic investment from payments infrastructure firm, Ripple, as part of its Series E round.
Agboola said that the integration will allow businesses using the Flutterwave platform to accept local payments and settle transactions in USDC.
He said, “This reduces settlement delays, extends payments beyond traditional banking hours and provides additional flexibility for treasury management and cross-border transactions.”
Read Also: Stablecoin-Powered Ripple Invests in Flutterwave Improving Cross-Border Payments Across Africa.
Agboola added that firms already operating with USDC will be able to use Flutterwave as a gateway into African markets through the new settlement option.
However, the company did not disclose the financial terms of Circle Ventures’ investment.
