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AI summary of a third-party reportBullishNewsDesk

Samsung Wallet adds USDC on Solana for US Galaxy users

Samsung Wallet has launched stablecoin accounts for eligible US Galaxy users, letting them buy, hold, send and receive USDC on Solana across about 82 million compatible devices.

Why it matters: Samsung is placing dollar stablecoins inside a mainstream consumer wallet used for cards and travel passes, giving USDC on Solana a route to Galaxy users without a separate crypto app.

InvestIn.News NewsDesk · 1 min read
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Picture from Decrypt for: Samsung Wallet adds USDC on Solana for US Galaxy users
Image: Decrypt
Original reporting: Decrypt Staff, Decrypt

Key points

  • The service is built with custodian Bastion and Coinbase, which safeguards the USDC through Coinbase Prime Vault.
  • Transfers carry no Samsung fee, but credit card top-ups cost 4% and the service is unavailable in New York.
  • Users can send money to bank accounts in more than 60 countries, and a first top-up of $50 or more earns $25 in USDC.

Samsung Wallet has added USDC on Solana for eligible US Galaxy users, Decrypt reports, putting a stablecoin account in the same app where users keep cards and boarding passes. The feature went live on 5 November and reaches about 82 million compatible Galaxy devices in the US, according to the announcement.

Transfers to other Samsung Wallet users and to compatible outside wallets carry no Samsung fee, though other providers may charge one. Credit card top-ups, including through Samsung Pay, carry a 4% fee, and bank or debit card withdrawals also cost a fee.

Read the full story on Decrypt

Live updates on NewsFeeds:StablecoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Decrypt’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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