Samsung launches USDC accounts on Solana for U.S. Galaxy users

Traders Union
All News
Crypto
Samsung launches USDC on Solana

Highlights

Samsung launched Stablecoin Account support for USDC on Solana for eligible U.S. Galaxy users, covering about 82 million compatible devices running Android 13 or later.
Samsung Wallet users can send USDC to other users or external wallets with no Samsung fee, while international bank transfers to 60+ countries may incur varying fees.
Bastion serves as the stablecoin account custodian, with Coinbase as USDC sub-custodian, enabling Galaxy users to access USDC without separate crypto apps or private key management.

Wallet rollout and service structure

As reported by The Block, citing Samsung, the Stablecoin Account is now live for eligible U.S. Galaxy users after the company first announced the feature on Oct. 7 and initially expected a launch in the final week of that month. The service is available on compatible devices running Android 13 or later, requires a Samsung Account, and excludes New York residents.

Samsung says about 82 million Galaxy devices in the U.S. are compatible with the feature. Users can transfer USDC to other Samsung Wallet users or to compatible external crypto wallets without a Samsung transfer fee, while transfers to qualifying bank accounts in more than 60 countries may arrive in local currency and carry fees that vary by destination.

Licensed stablecoin custodian and infrastructure provider Bastion manages the stablecoin accounts and transfer infrastructure. Coinbase acts as sub-custodian for the USDC through Coinbase Prime Vault.

Crypto access and broader payments push

The new feature gives Galaxy users access to USDC without downloading a separate crypto application or handling private keys themselves. Samsung says it also expects to explore online and in-store stablecoin payments, as well as expansion into additional markets, subject to local regulation.

Samsung had already been working with Coinbase before this launch. In October 2025, the company expanded that partnership to allow U.S. Galaxy users to fund Coinbase accounts with Samsung Pay.

Solana Foundation President Lily Liu says stablecoins have already shown that the technology works, but have lacked a route to mainstream adoption. Woncheol Chai, EVP and head of the Digital Wallet Team at Samsung Electronics' Mobile eXperience Business, says stablecoins could make moving money globally faster and easier without forcing users to deal with the complexity of traditional crypto tools.

Our earlier report on Philippine e-commerce payment trends found cash-on-delivery still makes up a sizable share of online transactions even as QR code and bank transfer usage surges. We noted that limited payment choice can directly hurt conversion, with many shoppers abandoning purchases if their preferred method isn’t available, increasing pressure on merchants to support more digital options while managing fraud risks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.