Samsung Wallet launches Solana-based USDC account service for US Galaxy users

On November 5 that, according to Decrypt, Samsung Wallet has launched USDC stablecoin accounts for eligible US Galaxy users, allowing them to purchase, hold, send, and receive USDC directly on the Solana blockchain without downloading additional crypto wallets or managing private keys. The service is backed by stablecoin custodian Bastion and Coinbase, and is expected to cover approximately 82 million compatible Galaxy devices in the United States.

Users can transfer funds to other Samsung Wallet users and compatible external crypto wallets for free, with support for transfers to bank accounts in over 60 countries and regions. Credit card funding fees are set at 4%, and the service is currently unavailable to New York State residents. Samsung stated it plans to explore online and offline stablecoin payments in the future, gradually expanding to other markets.