Flutterwave CEO Olugbenga “GB” Agboola has unveiled the company’s bold pivot into stablecoin payments, calling them “the backbone of tomorrow’s money in Africa.”
Speaking at fintech gatherings in Riyadh, including Money 20/20 Middle East and Fluidity 2025, he said Flutterwave is not just experimenting with stablecoins but actively building infrastructure and partnerships to power their adoption across Africa.
Agboola connected this move to Africa’s demographic strength. “Africa’s youth are early adopters, digital natives, and entrepreneurial by nature,” he said.
He described them as the drivers of the $1 trillion mobile money boom in 2024 and now the key to the continent’s stablecoin surge.
Youth at the Center of Change
Nigeria’s youth lead this charge, with South Africa, Ethiopia, and Kenya following. Agboola tied this to Flutterwave’s new ambition of building “Africa’s largest infrastructure for tomorrow’s money.”
The company is already rolling out upgrades. A redesigned Flutterwave Dashboard aims to simplify cross-border payments for businesses. The Send App by Flutterwave is streamlining remittances for millions across the continent.
Agboola also spoke on panels with Kashifu Inuwa Abdullahi, Director General of NITDA, on public-private partnerships and at a GCC-Africa trade forum, stressing that youth must be supported with policies that open opportunities.
Stablecoins as the Next Chapter
The company is strengthening partnerships. It recently joined the Circle Payments Network to boost USDC use and teamed with Global Remit for stablecoin conversion. These alliances position Flutterwave as a central player in Africa’s digital payments.
Agboola tied this vision to global fintech reforms, joining roundtables on G20 cross-border payment targets. His message was consistent: Africa’s growth will rise or fall on how well it empowers its youth.
“The next phase of fintech is to enable seamless stablecoin use for consumers and businesses,” he said. “It will cut friction, secure remittances, and power cross-border trade for a new generation.”
Is stablecoin adoption a chance for Africa to lead the world in payment innovation—or could it deepen dependence on external tech networks?
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