Samsung Electronics has announced plans to support USD Coin (USDC) transfers on the Solana blockchain for eligible Galaxy device users in the United States. The new feature, integrated directly into Samsung Wallet and Samsung Pay, is scheduled to launch in the final week of October and will be available across approximately 82 million devices in the U.S.
According to the company, the built-in functionality eliminates the need for users to download a separate cryptocurrency application or manage private keys. Woncheol Chai, executive vice president and head of the digital wallet team at Samsung Electronics, stated that the service aims to make sending money abroad as convenient as using a standard phone wallet.
Infrastructure and Functionality
The wallet includes integrated fiat on-ramps and off-ramps, allowing users to transition between traditional dollars and USDC within the app. Transactions run on Solana and Sui infrastructure behind the scenes, and the system collaborates with Bastion, a U.S.-licensed stablecoin custodian.
Samsung confirmed it will not charge any fees for the transfers, though recipient wallets, exchanges, or specific destinations may levy their own charges. Transfer speeds will depend on network conditions. In addition to peer-to-peer and external wallet transfers, the wallet supports sending funds to eligible bank accounts in more than 60 countries, where the money will arrive in the recipient's local currency.
Partnership Expansion with Coinbase
The new rollout marks an expansion of Samsung's existing relationship with Coinbase. Previously, the two companies partnered to allow U.S. Galaxy users to fund Coinbase accounts using Samsung Pay. Under the new stablecoin initiative, Coinbase will custody the USDC held in Samsung Wallet via Coinbase Prime.
Alec Lovett, head of infrastructure products at Coinbase, characterized the integration as a distribution milestone for USDC. Meanwhile, Solana Foundation President Lily Liu noted that the initiative helps transition stablecoins from a niche cryptocurrency product into a practical tool for everyday money movement.
Samsung stated that it intends to introduce the service to additional markets in the future, subject to local regulatory compliance.
