Samsung Wallet has launched its Stablecoin Account for eligible Galaxy users across the United States, a service that lets customers buy, hold, and transfer the USDC stablecoin over the Solana network without installing a separate, dedicated crypto application. By embedding the functionality in the Wallet app itself, the rollout treats stablecoin access as a built-in phone feature rather than a separate crypto product that requires its own download and setup.

Samsung confirmed the rollout on Thursday, November 5, roughly four weeks after announcing the feature on October 7. The company had initially planned to introduce the service during the final week of October, according to its official announcement.

Access Covers 82 Million Devices

The service is compatible with roughly 82 million Galaxy devices nationwide. That figure counts supported handsets rather than registered customers or people who have opened stablecoin accounts.

Users must be at least 18 years old, hold a Samsung Account, and run Android 13 or later on a supported device, per the eligibility criteria Samsung outlined when it announced the product. Registration also requires identity verification and biometric approval on the device. Residents of New York are excluded from the service, regardless of whether their device and account meet every other requirement.

Transfers Reach More Than 60 Countries

Eligible customers can send USDC to other Samsung Wallet users or to external wallets that support the token. Samsung charges no transfer fee, although third-party wallet providers may apply their own charges, and recipient exchanges may also levy fees. Network conditions can affect delivery times.

The service additionally supports direct payouts to qualifying bank accounts in more than 60 countries, letting recipients receive local currency without opening a crypto wallet. Transfer costs vary by destination and amount, and banks may impose their own restrictions.

Bastion and Coinbase Handle Account Services

Bastion, a licensed stablecoin custodian, operates the accounts and transfer services, while Coinbase holds the USDC through Coinbase Prime Vault under a sub-custody arrangement. According to Samsung's disclosures, the company does not directly hold customer funds. Solana provides the blockchain infrastructure for transfers, and users do not need to manage their own private keys. The split assigns the consumer-facing app to Samsung, account operations to a licensed custodian, and token safeguarding to Coinbase Prime Vault, keeping custody of funds outside Samsung itself.

The Solana Foundation's partnership announcement described how the service would allow Galaxy users to move money internationally within an existing phone application.

"For a decade, stablecoins have proved the technology works," Solana Foundation President Lily Liu said.

Samsung Weighs Broader Stablecoin Payments

The launch follows wider activity involving Circle, the issuer of USDC, a stablecoin pegged to the US dollar. As reported by Blockonomi, Circle recorded $865 million in third-quarter revenue and reserve income, with USDC transaction volume rising 49% from a year earlier. The figures frame the token Samsung selected for its rollout: USDC is gaining a consumer distribution channel spanning tens of millions of supported devices even as its issuer reports rising transaction activity.

Samsung is weighing additional stablecoin payment features, including online and in-store payments, but has not provided a launch date. The company may also extend the service beyond the United States, subject to local regulatory requirements, though it has not yet named its next target markets. With no launch date for payments and no international markets confirmed, the US Stablecoin Account is the only piece of Samsung's stablecoin plans currently in operation.

This report is based on Blockonomi's coverage; the original article appeared first on Blockonomi.