Samsung Wallet to Launch USDC Transfers for US Galaxy Users in October
Samsung has announced that starting in the last week of October, US Galaxy users will be able to send USDC via Samsung Wallet to compatible crypto wallets internationally and directly to eligible bank accounts in over 60 countries, allowing recipients to receive funds in their local currencies. The service requires identity verification and will be available on 82 million compatible Galaxy devices in the US. Transfers to crypto wallets will have no fees, while international bank transfers will incur charges.
Functionality and Availability
The new feature enables Samsung Wallet users in the US to send the stablecoin USDC to compatible crypto wallets globally, as well as transfer money to bank accounts in over 60 countries with support for receiving the funds in the local currency.
Samsung stated that the service will be available on 82 million compatible Galaxy devices in the United States, but users must complete identity verification to access sending capabilities.
No fees will be charged for transfers to external crypto wallets, whereas international bank transfers will incur applicable fees.
Partnerships and Technical Infrastructure
Samsung cooperates with Bastion to provide the stablecoin account services and payment infrastructure required for USDC transactions.
Coinbase acts as a sub-custodian through its Coinbase Prime Vault, managing asset custody and transaction security.
Samsung named Solana and Sui as technical partners in the project, indicating the use of advanced blockchain technologies and platforms for seamless integration and implementation of the new feature.
Why it matters
Introducing USDC transfers via Samsung Wallet on millions of Galaxy devices in the US highlights the trend of major tech companies integrating cryptocurrency payments into mainstream products. This expands the accessibility of digital currencies, facilitating easier cross-border remittances and lowering barriers for stablecoin adoption. Partnerships with Bastion, Coinbase, Solana, and Sui showcase a growing ecosystem of collaboration between tech giants and crypto infrastructure providers.
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