Samsung Electronics, the South Korean technology giant, will introduce USDC stablecoin transfers through Samsung Wallet in the last week of October, with the service initially available across about 82 million Galaxy devices in the United States.
According to Samsung Electronics America’s October 7 announcement, eligible users will be able to send USDC directly from Samsung Wallet to compatible crypto wallets. Samsung said it will not charge a transfer fee for transfers to compatible crypto wallets, although recipient wallets or exchanges may impose their own fees.
Samsung will also support transfers to eligible bank accounts in more than 60 countries. Recipients will receive the funds in their local currency, meaning they will not need to hold USDC or use a crypto wallet for those transfers.
USDC Comes to Samsung Wallet
The stablecoin feature will be built directly into Samsung Wallet rather than requiring a separate cryptocurrency application. Users will be able to access the service through the same wallet interface used for cards, boarding passes and IDs. Fiat on- and off-ramps will allow users to convert between traditional currency and USDC.
Samsung has not published a complete list of countries supported by the bank transfer service. Users will not need to manage private keys themselves, according to the company. Transfers will also require biometric authentication on registered Galaxy devices.
“Sending money abroad should feel as convenient as using the wallet already on your phone,” Woncheol Chai, executive vice president and head of Samsung’s Digital Wallet Team, said. USDC will be the first stablecoin supported through the service.
Coinbase and Bastion support
Coinbase will be powering the USDC experience in Samsung Wallet when the service launches in the United States in the last week of October.
In an October 8 blog post, Coinbase said USDC will automatically appear as the default dollar stablecoin when Samsung Wallet users top up their stablecoin balance. Coinbase will custody USDC held in Samsung Wallet through Coinbase Prime Vault, using its qualified custody services.
Coinbase will hold the USDC through Coinbase Prime Vault, using its custody services. The framework will operate in partnership with Bastion, a licensed stablecoin custodian and infrastructure provider overseen by U.S. financial regulators.
The arrangement follows an existing partnership between Samsung and Coinbase. Samsung Pay was previously added as a payment option in the Coinbase app, while Coinbase One benefits were later made available through Samsung Wallet for U.S. Galaxy users.
Coinbase said the new integration will extend its role in Samsung’s digital wallet services, with USDC custody handled through its institutional custody infrastructure.
Solana Supports the Transfers
Samsung has named Solana and Sui as blockchain infrastructure partners for the stablecoin service.
Solana’s role in payments has also expanded through other financial services. In May 2026, Western Union launched its USDPT stablecoin on Solana, using the network for settlement across its global payments infrastructure. USDPT is issued by Anchorage Digital Bank and is designed as a dollar-backed settlement asset for Western Union’s network spanning more than 200 countries.
PayPal has also expanded its PYUSD stablecoin to Solana alongside Ethereum and Arbitrum, giving the stablecoin access to multiple blockchain networks.
The Solana Foundation said stablecoin supply on the network had increased nearly 20% year over year and that Solana processed more than $5.25 trillion in stablecoin volume during 2026.
Lily Liu, president of the Solana Foundation, said the integration would allow stablecoin transfers to take place through a consumer wallet instead of requiring users to use a separate crypto application.
Samsung had previously announced plans for native stablecoin functionality at its Galaxy Unpacked event in July. At the time, the company had not disclosed which stablecoin or blockchain infrastructure would be used.
Expansion Depends on Regulation
Samsung said it plans to expand the stablecoin service to additional markets, subject to local regulatory requirements.
The company is also considering future stablecoin payments at online and physical stores, although it has not announced a launch date for those features.
For now, USDC will be the initial supported stablecoin, with the first rollout limited to eligible users in the United States.
The late-October launch will therefore serve as the first major test of Samsung’s native stablecoin infrastructure at consumer scale. Further details on supported markets, destinations and additional payment capabilities are expected as the rollout approaches.
Also Read: Coinbase Institute Says Stablecoins Could Power AI Agent Payments
