Samsung said Samsung Wallet will support stablecoins, the company’s first direct commitment to the asset class.
At Galaxy Unpacked in London on July 22, Samsung product manager Lee Dinham said, "Samsung Wallet will expand beyond cash and savings. It will embrace new forms of digital value, including stablecoins." He added that the step would make Samsung "one of the first major mobile brands to bring native stablecoins to a smartphone, enabling fast and trusted digital value transfers."
No launch date, partner list, or market details yet
Samsung did not say when the feature will go live. The company also did not name any stablecoin issuers, partners, or target markets.
An on-stage mockup of the wallet interface showed Circle’s USDC, but neither side has confirmed a partnership. Samsung’s newsroom did not publish a release on the plan, and the company did not respond to Cointelegraph’s request for comment.
Public commitment follows a June denial
The announcement follows an episode in June in which Samsung appeared among more than 140 listed partners of the Open USD stablecoin consortium led by Bridge co-founder Zach Abrams. Samsung later denied any formal agreement, saying there had been no official consultations.
Samsung has been building around crypto for years
Samsung’s involvement with crypto products goes back to 2019, when the Galaxy S10 shipped with a hardware-backed blockchain wallet.
In October 2025, the company embedded Coinbase One into Samsung Wallet for more than 75 million Galaxy users in the United States.
Rollout comes alongside Galaxy Card in the US
The stablecoin plan arrived alongside Galaxy Card, Samsung’s first credit card. The card is issued by Barclays on the Visa network in the US.
Neither Apple Pay nor Google Wallet currently offers native stablecoin support. Both handle crypto exposure through partners.
South Korea remains an open question
Samsung’s home market adds another layer to the story. South Korea’s framework act for won-pegged stablecoins has been stalled since early 2026 over who should be allowed to issue them.
The Bank of Korea wants bank-led consortiums to go first, while the Financial Services Commission has said that approach is too restrictive. The ruling party is targeting a September reintroduction of the bill. Dinham’s remarks did not mention South Korea or a won stablecoin.
Stablecoin market size is already large
The market on both sides is substantial. According to DefiLlama, total stablecoin supply stands at about $307.6 billion.
USDC also posted a record $1.21 trillion in adjusted transaction volume in June, according to the figures cited in the report.