Samsung Wallet's Stablecoin Account is live for eligible U.S. Galaxy users: buy, hold and send USDC on Solana from the same app as cards and boarding passes, with no separate crypto wallet.
What went live
Samsung confirmed Thursday that its Stablecoin Account feature is now available inside Samsung Wallet for eligible Galaxy users in the United States. People can buy, hold, send and receive USDC on Solana without installing a separate crypto app or managing their own private keys.
The company first announced the feature on Oct. 7 and originally aimed for a late-October launch. According to the release, about 82 million Galaxy devices in the U.S. are compatible. Users need to be at least 18, have a Samsung Account and run Android 13 or later. New York residents are excluded.
Transfers between Samsung Wallet users, or to a compatible external crypto wallet, carry no Samsung transfer fee. Eligible users can also send money to qualifying bank accounts in more than 60 countries, where recipients may receive local currency, with fees that vary by destination.
Who runs the rails
Licensed stablecoin custodian Bastion handles the accounts and transfer infrastructure. Coinbase holds the USDC as Bastion's sub-custodian through Coinbase Prime Vault. Samsung's disclosures stress that the account is a crypto wallet, not a bank account.
Stripe powers onramp purchases: eligible users can buy USDC with Samsung Pay, credit and debit cards, and ACH, while Stripe's Crypto Onramp handles identity checks, compliance and fraud prevention. Decrypt reports a 4% fee on credit-card top-ups, and that new users who make a first top-up of $50 or more can receive $25 in USDC.
Why Solana
Solana Foundation President Lily Liu framed the launch as distribution, not a tech demo: "For a decade, stablecoins have proved the technology works. What they lacked was a way to reach the mainstream." Woncheol Chai, who leads Samsung's digital wallet team, said Solana helps bring that experience to Samsung's scale.
Samsung also said it expects to explore online and in-store stablecoin payments and expansion to more markets, subject to local rules. That sits next to Solana's roughly $15.1B in stablecoin supply on the network (DefiLlama) and the payments track at Breakpoint in ten days.
Follow consumer and institutional rails like this on the Catalyst Tracker, and watch stablecoin supply on the Dashboard.
Why it matters for SOL: every large device maker that settles USDC on Solana puts mainstream payments traffic on the same chain institutions already use for funds and tokenized stocks. The open question is how many of those 82 million phones actually turn the feature on.
Sources: The Block · Decrypt · Stripe · Samsung Wallet Stablecoin Account FAQs · DefiLlama stablecoins
Not investment advice. See our Disclaimer.
