Samsung said it will roll out USDC transfers inside Samsung Wallet for eligible Galaxy users in the United States in the last week of October. The feature is set to let users send USDC to compatible crypto wallets internationally and move funds to eligible bank accounts in more than 60 countries, with recipients receiving local currency. According to the company, the service will be available across 82 million compatible Galaxy devices in the US, though users will need to complete identity verification before they can use it. Samsung also said transfers to external crypto wallets will carry no fees, while international bank transfers will be subject to charges. Bastion will supply the stablecoin account and payments infrastructure, and Coinbase will act as a sub-custodian through Coinbase Prime Vault. Samsung also identified Solana and Sui as technical partners. Cointelegraph noted in a related item that a Samsung unit is also exploring stablecoin infrastructure with the operator of Upbit.
Samsung plans to add USDC transfers to the Samsung Wallet payment app for eligible Galaxy users in the United States in the last week of October.
USDC transfers to wallets and bank accounts
The company said the new feature will allow users to send USDC to compatible crypto wallets internationally. It will also support transfers to eligible bank accounts in more than 60 countries, where recipients will receive funds in their local currency.
Available on 82 million compatible Galaxy devices in the US
Samsung said the service will be available on 82 million compatible Galaxy devices in the US. Users will need to complete identity verification before they can access it.
On fees, Samsung said transfers to external crypto wallets will be free, while international bank transfers will incur charges.
Infrastructure providers and technical partners
Bastion will provide the stablecoin account and payment infrastructure. Coinbase will serve as a sub-custodian through Coinbase Prime Vault.
Samsung also named Solana and Sui as technical partners.
Related development
In a related item, Cointelegraph said a Samsung unit is exploring stablecoin infrastructure with the operator of Upbit.
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