Mercy Emmanuel, Flutterwave’s Stablecoin Vertical Lead, has a simple way of explaining the payment company’s approach to stablecoins: the stablecoin is the rail, not the product.
It is a principle that has guided Flutterwave’s stablecoin push since 2025—though the company’s internal appreciation for the technology started much earlier. Flutterwave is using stablecoins to move money through the payments infrastructure it has spent a decade building.
Stablecoins are digital currencies built on blockchain technology and designed to maintain a stable value, often by being pegged to a real-world currency such as the US dollar. USDC, issued by NYSE-listed company Circle, is an example of a dollar-backed stablecoin.
Open Flutterwave’s consumer-facing remittance app, Send App, or Flutterwave for Business (F4B), which targets merchants and business owners, and there is little visible sign of the blockchain underneath. A customer can send money to Nigeria or Ghana without choosing a network or managing a cryptocurrency wallet. A business can hold stablecoin balances alongside fiat balances.
Originally published by TechCabal.