Samsung Integrates USDC for Cross-Border Remittances on 82 Million Galaxy Devices
Samsung is adding USDC support to its Wallet app, allowing 82 million Galaxy users to send stablecoins abroad or convert them to local currency. This follows the company's earlier tease of stablecoin support and partners with Solana for the integration.
Key takeaways
- Samsung is adding USDC support to its Wallet app for 82 million Galaxy users.
- Users can send USDC abroad or convert it to local currency for bank transfers in 60+ countries.
- The feature launches in late October, powered by the Solana blockchain.
- This follows Samsung's July tease of stablecoin support at Galaxy Unpacked.
- The integration could make cross-border remittances faster and cheaper for Samsung's users.
Samsung is integrating USDC into its Wallet app, enabling 82 million Galaxy users to send the stablecoin abroad or convert it to local currency for bank deposits. The feature, launching in late October, will support payouts to over 60 countries. This move comes three months after Samsung first announced plans to add stablecoin support at Galaxy Unpacked in July, though it did not name the blockchain at the time. The integration is powered by Solana, making it the first major stablecoin service on the network.
How It Works
Users can send USDC directly from their Samsung Wallet or convert it to local currency for bank transfers. The feature will be available in the US first, with plans to expand globally. This follows Samsung's earlier partnership with Circle, the issuer of USDC, and aligns with the growing trend of stablecoin adoption in mainstream finance.
Why It Matters
This integration could make cross-border remittances faster and cheaper for Samsung's vast user base. It also marks a significant step in bringing stablecoins to the mainstream, potentially increasing adoption among non-crypto users. For Solana, this partnership is a major validation of its blockchain for real-world financial applications. Analysts have previously suggested Samsung could become a dominant stablecoin distributor by turning its 800 million devices into crypto wallets.
What to Watch Next
Keep an eye on the rollout timeline and any additional countries added to the list. If successful, this could encourage other tech giants to integrate stablecoins, further mainstreaming crypto payments. For more on stablecoin adoption, see our coverage of Standard Chartered's USDC integration.
Frequently asked questions
When will Samsung's USDC integration be available?
The feature is set to launch in late October, starting with the US and expanding globally.
Which blockchain is Samsung using for USDC transfers?
Samsung is using the Solana blockchain for USDC transfers in its Wallet app.
Can I convert USDC to local currency for bank transfers?
Yes, users can convert USDC to local currency and send it to bank accounts in over 60 countries.
Is this the first time Samsung has supported stablecoins?
No, Samsung first announced plans to add stablecoin support in July at Galaxy Unpacked, though it did not name the blockchain at the time.
Live on-chain data from our sister sites: