Overview
- Samsung launched USDC support inside Samsung Wallet for eligible U.S. Galaxy users, with the Solana‑based feature going live on Monday, November 2 and potentially reaching about 82 million compatible devices.
- The service is built on regulated plumbing: Bastion operates the stablecoin accounts and Coinbase holds USDC as sub‑custodian through Coinbase Prime Vault while Samsung does not custody user funds.
- Eligible users can buy, hold, send, and receive USDC inside the Wallet without installing another crypto app, Samsung charges no fee for supported wallet‑to‑wallet transfers, and payouts to qualifying bank accounts are available in more than 60 countries.
- Top‑ups by credit card carry a reported 4% fee and new users can get a promotional $25 in USDC after a $50 first top‑up; residents of New York are excluded and registration requires identity checks and device biometric approval.
- Samsung plans further payment features and international expansion that depend on local approvals and the company will add Sui network support later in November to enable gasless USDC transfers that do not require users to hold SUI tokens.