Flutterwave’s Chief Executive Officer, Olugbenga Agboola, has stated that stablecoins could become a major driver of Africa’s next phase of financial innovation. Speaking at international finance and technology gatherings in Riyadh, he emphasized that the continent’s growing reliance on digital payments positions it well to adopt this emerging form of currency.
Agboola highlighted Africa’s mobile money ecosystem, which processed over $1 trillion in transactions in 2024, as proof of the region’s readiness for new financial technologies. He noted that the continent’s young and digitally aware population is already shaping how payments and commerce evolve.
To support this transition, Flutterwave has introduced new features on its Dashboard and Send App to facilitate stablecoin transactions. The company is also collaborating with international partners, including participation in Circle’s global payments network, to strengthen the use of digital currencies for remittances and cross-border trade.
In addition, Agboola joined discussions at the G20 roundtable on cross-border payments and other policy forums, calling for regulatory frameworks that enable broader access to digital financial tools.
With these initiatives, Flutterwave aims to make stablecoins a core part of Africa’s payment infrastructure, simplifying remittances, trade, and everyday financial transactions across the continent.