Flutterwave founder and CEO Olugbenga “GB” Agboola says stablecoins will be the backbone of Africa’s next financial transformation, pointing to the continent’s young, mobile-first population as the driver of adoption.
Driving the news
Speaking at Money 20/20 Middle East and Fluidity 2025 in Riyadh, Agboola unveiled Flutterwave’s push to integrate stablecoin payments across its products, including new features for the Flutterwave Dashboard and its Send App for remittances.
Why it matters
- Africa’s fintech growth has been fueled by mobile money, which surpassed $1 trillion in transaction value in 2024, led largely by youth adoption.
- Agboola argues stablecoins are the logical next step, reducing friction in cross-border transactions and powering remittances.
Zoom in
- Nigeria’s youth are leading stablecoin adoption, followed by South Africa, Ethiopia, and Kenya.
- Flutterwave is building what Agboola calls “Africa’s largest infrastructure for tomorrow’s money.”
- The company has joined Circle’s Payments Network for USDC and partnered with Global Remit for stablecoin conversion.
Between the lines
At multiple Riyadh events, including a panel on public-private partnerships with Nigeria’s IT agency and a G20 roundtable on cross-border payments, Agboola tied stablecoins to Africa’s demographic dividend.
“Africa’s youth are early adopters, digital natives, and entrepreneurial by nature,” he said.
The big picture
Flutterwave sees stablecoins not just as a bet, but as a building block for Africa’s role in shaping global financial trends — with a focus on equitable access, entrepreneurial empowerment, and seamless trade between Africa and the Gulf.
