Flutterwave, Polygon Team Up on African Stablecoin Push

To build this system, Flutterwave is collaborating with Polygon Labs. Polygon provides tools that enable faster and cheaper transactions, improving how blockchain networks operate.

This partnership will enable Flutterwave offers the service in more than 30 African countriesaccording to Bloomberg report on October 30.

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The new platform is expected to reduce the delays and high fees that are often part of current international payment methods.

According to the CEO of Flutterwave, Olugbenga Agboola, with stablecoins could improve the flow of money to Africa. He noted that this could greatly increase the amount of money the company helps move every day.

Stablecoins are gaining popularity in Africa for several reasons. They can help protect against the depreciation of local currencies and they also become a useful way to send money between countries.

Many families in Africa rely on money sent from abroad, and lower transfer costs can make a big difference in their daily lives.

A 2024 report from Chainalysis showed that using stablecoins to send $200 across borders in Sub-Saharan Africa is about 60% cheaper than using traditional methods. The report also noted an increase in blockchain-based transactions in the region in March 2025.

Circle, the company behind the USDC