Key facts
- Samsung Wallet will add native stablecoin support, integrating digital assets into its mobile payments and rewards platform.
- The company aims to enable fast and trusted digital value transfers.
- Samsung showed a wallet mockup holding Circle's USDC.
- Samsung has a history of crypto integration, including a 2019 Knox-based wallet and a 2021 hardware wallet support.
- Samsung expanded a deal with Coinbase last October to allow crypto purchases within Samsung Wallet for U.S. Galaxy owners.
Samsung Electronics announced at Galaxy Unpacked in London on July 22 that Samsung Wallet will add native stablecoin support. The move aims to integrate digital assets, including stablecoins like Circle's USDC, alongside payment cards and rewards into a unified platform, positioning Samsung as one of the first major smartphone brands to offer such functionality. The company stated this integration would enable fast and trusted digital value transfers. Samsung has a history of crypto involvement, having introduced crypto storage into Galaxy phones via Knox in 2019, added hardware wallet support in 2021, and expanded a partnership with Coinbase last October to allow U.S. Galaxy owners to purchase cryptocurrencies directly through Samsung Wallet. The stablecoin plan was announced alongside the Galaxy Card, Samsung's first credit card in the U.S., issued by Barclays on the Visa network. Specific details regarding supported stablecoins, launch dates, blockchains, and whether the feature will be custodial or non-custodial have not yet been disclosed.