Woofun AI reports that African fintech Flutterwave has secured investment from Circle Ventures to expand its USDC payment and settlement services across the continent. The specific funding amount remains undisclosed.

Flutterwave stated that stablecoins are integrating into core financial infrastructure, driving the development of faster cross-border transfer methods for business cash flow management. This follows Ripple’s June acquisition of a stake in Flutterwave at a $3.3 billion valuation.