From CoinDesk · By Olivier Acuna
Starting in the last week of October, eligible U.S. Galaxy users will be able to send USDC through Samsung Wallet to compatible crypto wallets abroad or eligible bank accounts in more than 60 countries.
The service, available on 82 million Galaxy devices, will use Coinbase for custody, Bastion for stablecoin infrastructure and Solana and Sui for blockchain support.
Samsung will not charge for transfers to compatible external wallets, and recipients may receive local currency without opening a crypto wallet, though third-party fees may apply.
Samsung is turning its wallet app into a cross-border payments tool by allowing eligible users to remit USDC to other wallets and bank accounts starting in the last week of October.
“Sending money abroad should feel as convenient as using the wallet already on your phone,” Woncheol Chai, Samsung Electronics’ head of its digital-wallet team, said. “We’re bringing USDC transfers into Samsung Wallet so eligible Galaxy users can get started without installing another app or managing private keys themselves.”
The feature will be available on 82 million Galaxy devices across the United States and will be fully compatible with the Samsung Wallet, which is already used for cards, IDs and boarding passes, Solana said in a statement announcing its partnership with Samsung on Wednesday.
To power the initiative, Solana and Sui will provide the underlying blockchain network support. Coinbase will custody the stablecoin through Coinbase Prime Vault, while Bastion will provide the regulated stablecoin infrastructure.
Through this integration, users will be able to send Circle’s stablecoin, USDC, the world’s second-largest dollar-pegged token preferred by institutions for its strong regulatory backing. Use of stablecoins in cross-border transactions has expanded robustly this year due to low transaction costs, according to the IMF's annual report.
Galaxy users can seamlessly send USDC to compatible crypto wallets abroad or directly to eligible bank accounts in more than 60 countries, with recipients receiving the funds in local currency. Samsung will not charge any fees for USDC transfers to compatible external wallets, although recipient wallets or exchanges may charge a fee of their own.
For users, the product strips out much of the crypto setup normally required to send stablecoins. Samsung said customers will fund transfers through integrated on- and off-ramps, and biometric authentication on a registered Galaxy device will be required to send funds.
The rollout turns Samsung’s broader stablecoin ambitions into a consumer product. Samsung said in August it planned to add stablecoin savings and payment features to hundreds of millions of Galaxy phones, a move that analysts told CoinDesk could make the company a major distributor of digital dollars. The U.S. launch is its first large-scale deployment.