Galaxy

Stablecoin

Solana

USDC

Digital Wallet

Stablecoins have spent a decade growing inside crypto apps.&nbsp;
Now <a href="https://solana.com/" rel="noopener noreferrer nofollow">Solana</a> is getting them onto one of the most widely used smartphones in the U.S.
Starting today, eligible Galaxy users in the U.S. can buy, hold, send and receive USDC on Solana inside Samsung Wallet.&nbsp;
<a href="https://www.thestreet.com/crypto/tag/samsung" rel="noopener noreferrer nofollow">Samsung</a> first announced the feature, called Stablecoin Account, on Oct. 7.
USDC is a <a href="https://www.thestreet.com/crypto/stablecoins" rel="noopener noreferrer nofollow">stablecoin</a>, a digital token designed to hold a steady value of $1. Solana is a high-speed blockchain network built for fast, low-cost transactions. All transfers settle on Solana.
According to the company statement, the feature reaches roughly 82 million compatible Galaxy devices in the U.S. at launch.&nbsp;
<h4>Watch | Stablecoin accounts are now live in Samsung Wallet:</h4>
<figure>
 <figcaption>
 Samsung Wallet now supports USDC on Solana (0:45)
 </figcaption>
</figure>
<a href="https://www.thestreet.com/crypto/markets/analysts-clash-over-whether-binance-hack-is-bitcoins-ftx-moment" rel="noopener noreferrer nofollow">Related: Analysts clash over whether Binance hack is Bitcoin’s FTX moment</a>
Users don’t need a separate crypto app or private keys, the secret passwords that normally control a <a href="https://www.thestreet.com/crypto/tag/crypto-wallet" rel="noopener noreferrer nofollow">crypto wallet</a>. <a href="https://www.thestreet.com/crypto/tag/usdc" rel="noopener noreferrer nofollow">USDC</a> appears in the same app as their cards, boarding passes and IDs.
<blockquote>
 “This puts stablecoins into consumers’ day-to-day behavior, and is the type of global adoption Solana is built to handle,” said Lu Yin, head of APAC at the <a href="https://www.thestreet.com/crypto/tag/solana-foundation" rel="noopener noreferrer nofollow">Solana Foundation</a>, the nonprofit that supports the network’s growth.
</blockquote>
<figure>
 <figcaption>A look inside Samsung Wallet’s Stablecoin Account, which shows a USDC balance next to options for sending money internationally and transferring on Solana.
 </figcaption>
</figure>
<h2 id="dollars-that-travel-past-borders">Dollars that travel past borders</h2>
Users can send USDC to other Samsung Wallet users in the U.S. and to compatible outside <a href="https://www.thestreet.com/crypto/tag/crypto-wallet" rel="noopener noreferrer nofollow">crypto wallets</a> with no Samsung transfer fee.&nbsp;
Other providers may still charge fees. Eligible users can also send money to qualifying bank accounts in more than 60 countries, where recipients may receive local currency. Fees and availability depend on the destination.
Lily Liu, president of the <a href="https://www.thestreet.com/crypto/tag/solana-foundation" rel="noopener noreferrer nofollow">Solana Foundation</a>, said stablecoins have spent a decade proving the <a href="https://www.thestreet.com/crypto/tag/technology" rel="noopener noreferrer nofollow">technology</a> works but lacked a way into the mainstream.&nbsp;
<blockquote>
 "Samsung’s decision to work with Solana puts digital dollars into everyday life through one of the world’s most trusted technology brands," she said.
</blockquote>
<h3 id="more-on-solana-on-thestreet-roundtable">More on Solana on TheStreet Roundtable:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/markets/solanas-new-engine-settles-payments-in-150-milliseconds" rel="noopener noreferrer nofollow">Solana’s new engine settles payments in 150 milliseconds</a></li>
 <li><a href="https://www.thestreet.com/crypto/innovation/solana-mobile-brings-its-seeker-app-to-ledgers-new-atom-device" rel="noopener noreferrer nofollow">Solana Mobile brings its Seeker app to Ledger’s new Atom device</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/solana-taps-samsung-to-bring-stablecoins-to-82-million-devices" rel="noopener noreferrer nofollow">Samsung taps Solana to bring stablecoins to 82 million devices</a></li>
</ul>
<h2 id="coinbase-and-bastion-handle-custody">Coinbase and Bastion handle custody</h2>
Samsung built the feature with Bastion, a licensed stablecoin custodian and infrastructure provider.&nbsp;
<a href="https://www.thestreet.com/crypto/tag/coinbase" rel="noopener noreferrer nofollow">Coinbase</a> holds the <a href="https://www.thestreet.com/crypto/tag/usdc" rel="noopener noreferrer nofollow">USDC</a> as Bastion’s sub-custodian through Coinbase Prime Vault. A custodian is a firm that holds assets on its customers’ behalf.
To be eligible, users must:
<ul>
 <li>Be U.S. residents aged 18 or older with a Samsung Account</li>
 <li>Use a compatible Galaxy device running Android 13 or higher</li>
</ul>
The feature is not available to New York residents.
Woncheol Chai, executive vice president and head of the Digital Wallet Team at Samsung Electronics’ Mobile eXperience business, said Samsung wants Galaxy users to use <a href="https://www.thestreet.com/crypto/stablecoins" rel="noopener noreferrer nofollow">stablecoins</a> “without having to navigate the complexity of traditional crypto tools.”&nbsp;
<blockquote>
 He added: “Solana helps us bring that experience to Samsung’s scale.”
</blockquote>
Samsung says it expects to explore online and in-store stablecoin payments next, along with expansion to more markets, subject to local regulation.
<a href="https://www.thestreet.com/crypto/markets/why-bitcoin-shrugged-off-the-largest-crypto-hack-ever" rel="noopener noreferrer nofollow">Related: Why Bitcoin shrugged off the largest crypto hack ever</a>

Samsung Wallet users can now send USDC on Solana

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Other articles published on Nov 5, 2026

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