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Africa-focused payments company Flutterwave today announced an investment from Circle Ventures, the corporate venture arm of Circle Internet Group.
This investment supports Flutterwave’s effort to embed USDC settlement directly into the payment flows businesses already use today. Merchants can collect locally and settle in USDC, reducing delays and costs while enabling near-instant settlement beyond traditional banking hours.
It is Flutterwave’s strategy to position stablecoins as financial infrastructure to provide reliable and fast settlements in Africa.
Olugbenga “GB” Agboola, founder and CEO of Flutterwave, said: “This support from Circle Ventures is about backing the rails that will power the next era of global money movement from Africa. Stablecoins like USDC are no longer an experiment; they are becoming core financial infrastructure. By embedding USDC settlement into our current payments infrastructure, we are building a system that lets businesses move money at the speed of the internet. This fundamentally changes how payments from Africa connect to the world and it positions Flutterwave as the default stablecoin gateway for the continent.”
Global stablecoin circulation currently exceeds $300 billion, with Africa emerging as one of the fastest-growing regions for its adoption.
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