Turnkey Surpasses $200B in Stablecoin Transaction Volume

Today, Turnkey is announcing that it has powered over $200 billion in stablecoin transaction volume.

Over the last year, there's been significant growth in financial institutions and fintechs using stablecoins, which are becoming the preferred rails for B2B payments, remittances, and global dollar access. In February 2026, the world saw a record $7 trillion in stablecoin transactions. This was the first time stablecoins surpassed "traditional" transactions done on the US ACH network.

As stablecoin adoption has grown, so has Turnkey's business. In May, Turnkey surpassed the $100 billion mark. Reaching the next $100 billion just a few months later shows how fast companies are adopting Turnkey to power their stablecoin transactions. 

Here are a few examples of how companies are working with Turnkey on stablecoins:

‍Modern Treasury selects Turnkey to power non-custodial Stablecoin Wallets

Modern Treasury provides payment operations infrastructure trusted by leading enterprises and financial institutions, with more than $600 billion in payments powered to date. Its platform helps businesses launch and scale payment experiences through a single API for both fiat and stablecoin transactions, with built-in compliance, ledgering, and reporting.

Modern Treasury recently announced non-custodial Stablecoin Wallets, giving startups, platforms, and their end users direct control over onchain assets through the same API they already use for money movement, compliance, ledgering, and rewards, with Turnkey securing and scaling the underlying wallet infrastructure.

Turnkey handles the wallet layer: key generation, secure signing inside hardware-backed enclaves, and the policy controls that let platforms define exactly how wallets can be used. Modern Treasury handles everything above it: money movement, orchestration, compliance, ledgering, and the unified API its customers already build against.

‍Lightspark is redefining global money movement with Turnkey and Brale

Lightspark is the open infrastructure for moving money worldwide. In August, Turnkey announced that it’s supporting embedded wallet functionality within all Lightspark Grid Global Accounts. 

The company integrated with Turnkey in a single week, solidifying the non-custodial wallet infrastructure layer powering Lightspark’s Grid Global Accounts.

“The entire onboarding was super quick. Most of the features we needed were ready out of the box, and the Turnkey team was quick to work through our broader requirements for Spark transactions.” --Dhruv Pareek, Full Stack Software Engineer at Lightspark

Lightspark also works with Brale, the issuer of USDB, to support stablecoin issuance and related reserve and compliance operations. The combination of Turnkey and Brale empowered Lightspark to bring Grid Global Accounts to market without building a self-custodial wallet, key-management, and stablecoin issuance stack from scratch. Now, these branded dollar accounts power money movement across 65+ countries, while generating 3-5x more revenue per user than traditional payment processing.

Yellow Card selects Turnkey for stablecoin payments in emerging markets

Yellow Card is one of the largest licensed stablecoin infrastructure providers in the world, operating across 34 countries, including 20 in Africa. Its platform gives banks, fintechs, and enterprises the infrastructure to access, store, send, and manage stablecoins across local currencies. 

With Turnkey’s embedded wallet infrastructure, when a user signs up for an application built on Yellow Card, a wallet can be provisioned automatically in the background. There are no seed phrases, browser extensions, or extra wallet setup steps.

Flutterwave partners with Turnkey to power secure stablecoin balances for customers

Flutterwave is the leading payments technology company that allows businesses across the world to expand their operations in Africa and other emerging markets. In 2026, Flutterwave announced stablecoin balances for its merchants and users across all its offerings, through a collaboration with Turnkey and Nuvion to provide a secure, flexible, and verifiable stablecoin balance infrastructure.

"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." -- Nkem Abuah, Lead, GEPP ROW, Remittances & Stablecoin Partnerships, Flutterwave

The solution is currently being tested with a select group of merchants to ensure optimal performance. Following this phase, USDC and USDT balances will be made available alongside existing USD, NGN, and other currency balances to all Flutterwave customers who have completed the necessary KYC and onboarding processes.

‍Learn more about building with stablecoins on Turnkey.

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