Samsung Wallet

GENIUS Act

2026-10-17 03:25:25

GENIUS Act seen as a tailwind for Samsung’s USDC payment rollout

A Solana Foundation-related executive said the U.S. GENIUS Act has given companies and financial institutions a regulatory push to enter the stablecoin sector, and described it as one of the key background factors behind Samsung’s move into stablecoin payments. Samsung has said it will begin supporting USDC cross-border transfers in Samsung Wallet in the final week of October. The first phase will target eligible Galaxy users in the United States, covering about 82 million devices. Users will be able to send U.S. dollar stablecoins to compatible crypto wallets within seconds without transfer fees, and also remit funds to eligible bank accounts across more than 60 countries and regions. The service will run on Solana and Sui, with licensed stablecoin custodian Bastion providing transfer services and Coinbase Prime serving as sub-custodian to safeguard USDC assets. The cooperation between Samsung and Solana has been in preparation for years, and the two sides plan a phased rollout focused first on user adoption, with possible expansion into online and offline stablecoin payment scenarios later on.

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Samsung

2026-10-17 03:25:50

Samsung Wallet to add USDC cross-border transfers in late October

Samsung said it will begin supporting USDC cross-border transfers in Samsung Wallet in the last week of October, with the first phase aimed at eligible Galaxy users in the United States. The rollout is expected to cover about 82 million devices. Users will be able to send the dollar stablecoin to compatible crypto wallets within seconds without paying transfer fees, and they will also be able to remit funds to eligible bank accounts in more than 60 countries and regions. The service will run on Solana and Sui as its underlying blockchain infrastructure. Licensed stablecoin custodian Bastion will provide the transfer service, while Coinbase Prime will act as sub-custodian to safeguard USDC assets. A Solana Foundation representative said the U.S. GENIUS Act has provided regulatory momentum for companies and financial institutions entering the stablecoin sector, and is one of the background factors behind Samsung’s move into stablecoin payments.

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Samsung Walle

2026-10-12 02:02:38

Samsung Wallet sets USDC as default stablecoin option for U.S. users

Coinbase said on Oct. 8 that USDC will become the default option when U.S. users add stablecoin balances in Samsung Wallet starting in the last week of October 2026. Samsung Wallet comes preinstalled on Galaxy devices, and the companies said roughly 82 million compatible devices in the United States will be eligible when the feature goes live. For now, disclosed use cases are limited to transfers to compatible external crypto wallets or remittances to overseas bank accounts paid out in local currency. Bastion provides the underlying stablecoin infrastructure, while Coinbase Prime will custody the related USDC. The announcement leaves several commercial questions unanswered, including how much balance this distribution channel may attract, whether those balances fall under existing Coinbase-Circle distribution arrangements, and whether Samsung receives any share of the economics. The rollout also arrives as USDC circulation has pulled back from the end of the first quarter of 2026, even as adjusted transaction volume remained high in June. That makes Samsung Wallet a live test of whether USDC can move beyond exchanges and DeFi into more routine consumer money movement on mobile devices.

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Solana

2026-10-11 13:45:02

Solana recap highlights Samsung Wallet USDC payments and faster block times

Solana has outlined a fresh batch of network updates spanning payments, infrastructure, institutional tooling and on-chain adoption metrics. The headline items include Samsung Wallet integrating cross-border USDC payments on Solana, and the Solana mainnet beta cutting its target block time to 200 milliseconds, which the network said represents a 2x speed improvement. The Solana Foundation also introduced Solana DvP, an open-source delivery-versus-payment settlement framework aimed at institutions. On the institutional side, BNY expanded its digital asset custody support to SOL under the European Union’s MiCA regime. Securitize launched its tokenized equities product, Securitize Stocks, on Solana, while Orca and Loopscale combined under the Formation name. Solana also pointed to several network milestones. Stablecoin-holding addresses on the network have topped 14 million, setting a record high. Daily active addresses reached 1.88 million, the strongest level in 13 months. Cumulative spending through stablecoin cards has surpassed $1 billion, and the number of tokenized stock products on the network has climbed above 2,000.

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Samsung Walle

2026-10-08 10:46:11

Samsung Wallet adds USDC remittances in the US, with Solana, Sui and Coinbase behind the rails

Samsung is turning Samsung Wallet into a cross-border payments tool for eligible Galaxy users in the United States. Starting in the last week of October, users will be able to send Circle’s USDC to other compatible crypto wallets or directly to qualified bank accounts in more than 60 countries, where recipients will receive local currency. Solana and Sui will provide the underlying blockchain networks, Coinbase will custody the stablecoin through Coinbase Prime Vault, and Bastion will supply regulated stablecoin infrastructure. According to Solana’s announcement, the feature will be available across roughly 82 million Galaxy devices in the US and will work inside the same Samsung Wallet app already used for bank cards, IDs and boarding passes. Samsung said users will fund transfers through built-in on- and off-ramps, while outbound transfers will require biometric authentication on a registered Galaxy device. The company also said it will not charge fees for USDC transfers sent to compatible external wallets, though receiving wallets or exchanges may still impose their own charges. Samsung has not said when the service will expand beyond the US. It said future availability will depend on local regulation, and added that online stablecoin payments and tap-to-pay transactions could later be enabled on eligible Galaxy phones.

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Samsung Walle

2026-10-08 11:10:49

Samsung Wallet to roll out USDC cross-border transfers in the U.S. in late October

Samsung Electronics America said eligible Galaxy users in the United States will be able to send USDC directly inside Samsung Wallet starting in the last week of October. The launch is set to cover 82 million Samsung Wallet-compatible Galaxy devices in the U.S., according to the company. Users will be able to transfer USDC to compatible overseas crypto wallets without a Samsung transfer fee, though recipient wallets or exchanges may charge their own fees and settlement speed will depend on blockchain conditions. Samsung also said users can send funds to eligible bank accounts in more than 60 countries, with recipients receiving local currency and no crypto wallet required. That service will carry a fee shown in the app before submission, with pricing based on destination country and transfer amount. Samsung said the service is limited to U.S. residents aged 18 or older who have a Samsung account, a compatible device running Android 13 or later, completed registration and identity verification, and enabled biometrics. Bastion is providing the regulated custody and cross-border payments infrastructure, while Coinbase serves as sub-custodian and holds the USDC in Coinbase Prime Vault. Samsung named Solana and Sui among the blockchain network partners supporting the service.

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Samsung Walle

2026-10-08 11:01:08

Samsung Wallet to add USDC cross-border transfers with Solana, Sui and Coinbase infrastructure

Samsung is preparing to turn Samsung Wallet into a cross-border payments tool in the U.S., with an initial rollout set for the last week of October. Eligible users on roughly 82 million Galaxy devices in the country will be able to send Circle’s USDC to compatible wallets abroad or remit funds to qualifying bank accounts in more than 60 countries, where recipients will receive local currency. The setup relies on Solana and Sui for blockchain infrastructure, Coinbase Prime Vault for custody, and Bastion for regulated stablecoin rails. Samsung said users will fund transfers through built-in on- and off-ramps and authorize transactions with biometrics on registered Galaxy devices. The company will not charge fees for USDC transfers sent to compatible external wallets, though receiving wallets or exchanges may impose their own charges. Samsung has not said when the feature will expand beyond the U.S., noting that broader availability will depend on local regulation. It also said stablecoin-powered online payments and tap-to-pay transactions could be added later on eligible Galaxy phones.

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Samsung Walle

2026-10-08 10:47:21

Samsung Wallet to Add USDC Transfers for 82 Million U.S. Galaxy Devices in Late October

Samsung said on Oct. 7 that eligible Galaxy users in the United States will be able to send USDC through Samsung Wallet starting in the last week of October. The company said the launch will reach 82 million compatible U.S. Galaxy devices, making USDC the first stablecoin supported in the wallet. According to Samsung, users sending USDC to external crypto wallets abroad will not pay a fee to Samsung, though the receiving wallet or exchange may charge its own fee. Transfer speed will depend on network conditions. For recipients without a crypto wallet, Samsung said funds can be delivered through bank accounts in more than 60 countries in local currency, with transfer fees shown in the app before confirmation. Samsung said cross-border transfers will run on Bastion, a licensed stablecoin custodian under U.S. regulatory oversight. Bastion has designated Coinbase as its sub-custodian, meaning all USDC in the wallet will be held through Coinbase Prime Vault. The company also said blockchain support will come from separate partners, including Solana and Sui, while access will be limited to eligible U.S. residents age 18 or older using Galaxy devices on Android 13 or newer.

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