Samsung Wallet introduced stablecoin accounts for eligible U.S. Galaxy users on November 5, 2026, allowing them to buy, hold, send and receive Circle’s USDC on Solana without a separate crypto app or managing private keys, according to the announcement reported by Decrypt.
The feature covers about 82 million compatible Galaxy devices in the United States, the announcement said. That figure describes device compatibility, not the number of people using the service.
Access and custody
The service requires Android 13 or later and is available to U.S. residents aged 18 and older, excluding New York residents. Samsung’s disclosures identify the account as a crypto wallet, not a bank account.
The product was built with Bastion, a licensed stablecoin custodian and infrastructure provider, and Coinbase. Coinbase safeguards the USDC as Bastion’s sub-custodian through Coinbase Prime Vault.
Samsung announced the feature on October 7, after teasing support for the dollar-pegged stablecoin over the summer.
Transfers and fees
Users can send USDC to other Samsung Wallet users in the United States and to compatible external crypto wallets without a Samsung transfer fee, although other providers may charge fees.
The service also supports transfers to qualifying bank accounts in more than 60 countries. Recipients may receive local currency, with fees varying by destination.
Credit-card top-ups, including those made through Samsung Pay, carry a 4% fee. Withdrawals to a bank account or debit card also incur a fee.
Further expansion remains a plan
Woncheol Chai, who leads the digital wallet team in Samsung’s mobile business, said the company wants Galaxy users to access stablecoins without navigating the complexity of traditional crypto tools.
Samsung said it expects to explore online and in-store stablecoin payments and expand into additional markets, subject to local regulation. Those possibilities were described as future plans, rather than capabilities available at launch.
Original publication: November 5, 2026, at 21:01:02 UTC+08:00.
Source: Decrypt’s original article.