started · updated
Samsung Wallet to launch USDC stablecoin transfers for US Galaxy users
Samsung Electronics America has announced that Samsung Wallet will integrate USDC stablecoin transfers, starting in the last week of October. The feature will initially be available to approximately 82 million eligible Galaxy device users in the United States.
Users will be able to send USDC to compatible external crypto wallets or to qualifying bank accounts in more than 60 countries, with recipients receiving funds in their local currency. Samsung stated it will not charge fees for transfers to compatible external wallets, although recipient parties may apply their own charges. For bank transfers, fees will apply based on the destination and amount.
The service is designed to simplify blockchain interactions by removing the need for users to download separate crypto applications or manage their own private keys. The infrastructure will be supported by the Solana and Sui blockchain networks. To ensure security and regulatory compliance, Bastion will provide the regulated infrastructure, while Coinbase Prime Vault will act as the sub-custodian for USDC assets.
Entities
Bastion · Circle · Coinbase · Samsung Electronics · Samsung Wallet · Solana · Solana Foundation · Sui · Sui Foundation · USDC
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 12 SOURCES] Bastion will provide regulated infrastructure, and Coinbase Prime Vault will act as sub-custodian for USDC assets. blockcast.it · news.elbadil.com · blockchainreporter.net · coin-turk.com · crypto.news · +7 more
- [● 20 SOURCES] Samsung will launch USDC stablecoin transfers for eligible Galaxy users in the US during the last week of October. blockcast.it · news.elbadil.com · blockchainreporter.net · coin-turk.com · www.nadanews.com · +15 more
- [● 16 SOURCES] The service will utilize Solana and Sui blockchain networks for infrastructure and settlement. blockcast.it · news.elbadil.com · blockchainreporter.net · coin-turk.com · www.nadanews.com · +11 more
- [● 11 SOURCES] Samsung will not charge fees for USDC transfers to compatible external wallets, though recipient parties may. blockcast.it · blockchainreporter.net · coin-turk.com · www.crypto-insiders.nl · crypto.news · +6 more
- [● 17 SOURCES] Users can send USDC to compatible crypto wallets or to bank accounts in over 60 countries, receiving funds in local currency. blockcast.it · news.elbadil.com · blockchainreporter.net · coin-turk.com · www.nadanews.com · +12 more
- [● 15 SOURCES] The rollout will initially reach 82 million U. S. Galaxy devices. blockcast.it · news.elbadil.com · www.tronweekly.com · blockchainreporter.net · blockzeit.com · +10 more
- [● 5 SOURCES] Samsung Electronics America announced the launch of stablecoin functionality for Samsung Wallet. blockcast.it · blockzeit.com · blockchainreporter.net · crypto.news · blockonomi.com
- [● 6 SOURCES] Samsung will not require users to manage private keys themselves. blockcast.it · news.elbadil.com · blockchainreporter.net · crypto.news · journalducoin.com · +1 more