Samsung is integrating USDC stablecoin transfers into its Galaxy Wallet, enabling cross-border remittances for eligible users across 82 million devices in the United States. The service launches in the last week of October.
Eligible users will be able to send USDC through Samsung Wallet to compatible crypto wallets abroad or directly to bank accounts in more than 60 countries. Recipients can receive funds in local currency without requiring a crypto wallet. Samsung will not charge fees for transfers to compatible external wallets, though third-party fees may apply.
The infrastructure supporting the service involves multiple partners. Solana and Sui provide blockchain network support, Coinbase custody the stablecoin through Coinbase Prime Vault, and Bastion supplies regulated stablecoin infrastructure.
Users can fund transfers through integrated on- and off-ramps, with biometric authentication required on registered Galaxy devices to authorize transactions. The setup eliminates traditional crypto requirements such as managing private keys.
Industry Context
The rollout represents Samsung's first large-scale consumer deployment of stablecoin features. The company announced broader stablecoin ambitions in August, including plans to add savings and payment capabilities to hundreds of millions of Galaxy phones.
According to the IMF's annual report, stablecoin use in cross-border transactions has expanded significantly this year due to low transaction costs. USDC is the world's second-largest dollar-pegged stablecoin.
Samsung has not announced plans for expansion beyond the United States, stating that future availability will depend on local regulation. The company indicated it may later enable stablecoin payments for online purchases and tap-to-pay transactions on eligible Galaxy phones.
