Samsung Wallet to add USDC transfers for US Galaxy users in October

Samsung said it will add support for USDC transfers within its Samsung Wallet payment app for eligible Galaxy users in the United States, with the feature slated to go live in the last week of October. The functionality will allow users to send USDC to compatible crypto wallets internationally and to transfer funds to eligible bank accounts across more than 60 countries, where recipients can receive payouts in their local currency. The company reported the rollout will reach 82 million compatible Galaxy devices in the US. Access will require users to be at least 18 years old, reside in the United States, run Android 13 or later on an eligible device, and complete identity verification before using the service. Samsung named Bastion as the provider of stablecoin account and payment infrastructure, while Coinbase will act as a sub-custodian through its Coinbase Prime Vault. The company also listed Solana and Sui as technical partners for the offering. Borderless.xyz was mentioned as handling payouts in the more-than-60-country network. Samsung said it will not charge users for USDC transfers to external wallets, though recipient platforms may levy their own fees. International bank transfers will incur charges that vary depending on destination and amount. The company previously announced plans to integrate stablecoins into Samsung Wallet at its Galaxy Unpacked event in July and indicated that future expansions could include online and in-store stablecoin payments. Industry figures quoted in related reporting framed the feature as part of broader mainstream integration of stablecoins. Borderless.xyz CEO Kevin Lehtiniitty characterized the use of existing smartphones as key to broader adoption and suggested that other platform providers might add similar capabilities in time.