Samsung Wallet Brings USDC Transfers to 82 Million US Galaxy Devices in Late October
By Unchained
AI summary of the source article
Samsung announced that eligible US Galaxy users will be able to send USDC directly from Samsung Wallet starting in late October. The rollout will reach 82 million compatible devices, marking USDC as the wallet's first supported stablecoin. Samsung will not hold customer funds; cross-border transfers and custody are managed by regulated partner Bastion with Coinbase Prime Vault acting as sub-custodian. Blockchain infrastructure is provided by partners including Solana and Sui. Recipients without a crypto wallet can receive payouts in local currency across bank accounts in more than 60 countries, with potential future features including in-store and online stablecoin payments.
Why it matters
The rollout integrates stablecoin payments into 82 million mainstream mobile devices, enabling low-friction cross-border transfers directly to bank accounts across 60 countries.
Key facts
- Samsung Wallet will launch USDC transfers across 82 million compatible US Galaxy devices in late October.
- Bastion provides regulated custody with Coinbase Prime Vault as sub-custodian, while Solana and Sui provide blockchain support.
- Recipients without crypto wallets can receive funds in local currency into bank accounts across more than 60 countries.