Turnkey Surpasses $100B in Stablecoin Transaction Volume

Today, we’re announcing that Turnkey has powered over $100 billion in stablecoin transaction volume.

Since launching Turnkey’s verifiable infrastructure in 2023, we anticipated that stablecoin transactions would be one of its primary use cases. Reaching this $100 billion milestone has been a validation of that projection. 

Here's how we reached this milestone, and where stablecoins are headed next:

Powering stablecoins across fintech and payments ecosystems

Turnkey delivers institutional-grade security, a seamless user experience, and the compliance controls that stablecoins require. This is why so many of the world’s most ambitious fintech, payments, and crypto companies choose Turnkey as their stablecoin infrastructure. Here are a few examples:  

Flutterwave is Africa's leading payments technology company, having processed over 1 billion transactions in excess of $40B. 

In 2026, Flutterwave announced its intent to launch stablecoin balances for its merchants and users across its platform. Through its collaboration with Nuvion and Turnkey, USDC and USDT will be made available alongside existing USD, NGN, and other currency balances to all Flutterwave customers who have completed KYC and onboarding. 

“By enabling stablecoin balances powered by Turnkey, we are ensuring that multinationals, African enterprises, and individuals using Flutterwave will have access to low-cost, faster, and always-on cross-border payments with stablecoins," said Nkem Abuah, Lead, GEPP ROW, Remittances & Stablecoin Partnerships, Flutterwave. 

AllScale is a self-custodial stablecoin neobank designed to help global businesses, freelancers, creators, and AI agents send and receive global payments without relying on traditional banking infrastructure. 

Since partnering with Turnkey, AllScale has created 1.5M+ user wallets, processes $500K+ in daily transaction volume, and has achieved 10X user growth. With Turnkey's session-based signing and policy engine, AllScale eliminated signing fatigue for high-volume users while maintaining strong security, making crypto payments feel as simple as any traditional fintech app.

"Our goal is to make blockchain complexities invisible to the end user. With Turnkey powering our wallet infrastructure, we can deliver that streamlined experience without sacrificing security or our non-custodial status," said Khalil Lin, Co-founder at AllScale.

Mural Pay is a payments platform and API for pay-ins, payouts, invoicing and virtual accounts, powered by stablecoins. Global businesses, fintechs, and banks use Mural to hold global stablecoin accounts and simplify cross-border payment operations. 

With Turnkey, Mural Pay processes over 5,000 monthly stablecoin payments totaling over $200M in volume in the last 12 months – integrating in just 3 weeks and saving $3K per month on wallet infrastructure costs. Turnkey's 50–100ms signing latency, secure enclave architecture, and familiar authentication flows help Mural expand its addressable market beyond crypto-native users.

"We have users making stablecoin payments leveraging the latest in blockchain technology, and it feels as normal as any fintech app on their end," said Chris Fernandes, Co-founder and CTO at Mural Pay. “That's the special unlock that Turnkey delivers.”

Ramp Network is a global fintech company making it easy for anyone to buy, sell, send, swap, pay, and save with stablecoins and crypto.

When expanding beyond its B2B infrastructure roots to launch a consumer onchain account, Ramp turned to Turnkey to accelerate time-to-market without siphoning engineering resources. The result: 15K+ user wallets created in 3 months, full integration in 1 month, and 6+ months of development time saved. 

With embedded wallets generated through email or biometric authentication, even the most non-crypto-savvy users can create an account and start buying, swapping, and managing their crypto within minutes.

"Turnkey provided so much more than just wallet infrastructure,” said Marek Rycerski, Senior Product Manager at Ramp Network. “They delivered a full stack of features we needed out of the box, which not only reduced our time-to-market but also preserved our team's bandwidth. It's one of those solutions that just works."  

What's next: agentic stablecoin payments

Turnkey’s $100B stablecoin milestone is a reflection of today's demand. But the infrastructure we’re building now is designed for the next wave of exponential stablecoin adoption. That is coming with the rise of agentic transactions. 

Our recent post, Navigating agentic stablecoin micropayments, covers the two open standards that now let AI agents pay for APIs, compute, and data using stablecoins over HTTP: x402, launched by Coinbase in May 2025, and the Machine Payments Protocol (MPP), co-authored by Stripe and Tempo in March 2026. With agentic transactions growing exponentially, understanding these protocols is essential to staying ahead of the next wave of stablecoin adoption.

Turnkey for Agent Identity is part of that readiness, allowing Turnkey to support the signing primitives, secure key custody, and Agentic Wallets needed for agents to register identities and operate securely across services. 

With more than 30,000 agents already registered onchain, ERC-8004 is quickly emerging as foundational infrastructure for autonomous software systems operating on Ethereum. Its authentication layer, Sign In With Agent (SIWA), enables agents to prove identity cryptographically by signing challenges with the keys tied to their onchain identity, allowing trustless authentication across services without centralized intermediaries. 

Turnkey’s support of standards like this means teams can deploy agents with persistent cryptographic identity, automated governance controls, and secure authentication workflows from day one.

Teams like Catena Labs are already building agentic treasury and banking platforms powered by Turnkey's verifiable infrastructure. In Catena’s recent demo, an AI agent with its own USD account holds stablecoin on Base and moves through a series of transactions: auto-approved rebalances, human-approval flows for external payments, and agent-to-agent commerce with identity verification built in. 

Turnkey’s next $100 billion in stablecoin volume will be driven by agentic transactions, and that future is already taking shape. As developers and autonomous systems build on Turnkey’s verifiable infrastructure, we’re delivering the speed and security required for the next generation of financial applications.