Flutterwave and Polygon are launching a cross-border stablecoin network across 34 African nations to cut remittance costs and boost financial inclusion.
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Posted October 31, 2025 at 10:10 am EST.
Nigeria’s leading fintech, Flutterwave, has teamed up with Polygon Labs to launch a stablecoin-powered cross-border payment network spanning 34 African countries, Bloomberg reported Thursday. The network will leverage Polygon’s Ethereum-compatible infrastructure to speed up transactions and reduce settlement costs.
Flutterwave CEO Olugbenga Agboola said the initiative could “10x” the company’s current payment volumes by bypassing traditional banking systems. He added that stablecoin adoption will play a central role in driving capital flows across Africa.
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The announcement comes amid rising use of USDT and USDC across the continent, where stablecoins are increasingly used to hedge against inflation and facilitate remittances. A 2024 Chainalysis report showed stablecoin remittances to Africa were about 60% cheaper than traditional $200 transfers.
Crypto activity in Sub-Saharan Africa reached record highs earlier this year despite global slowdowns, driven by Nigeria’s sharp currency devaluations. The partnership underscores how fintech and blockchain infrastructure are converging to modernize Africa’s payment landscape.
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