The Block and ForkLog reported on November 5, 2026, that Samsung Wallet’s Stablecoin Account was live for eligible U.S. Galaxy users, with USDC transfers on Solana. Samsung had announced on October 7 that it planned a launch for the last week of October. USDC is a U.S.-dollar-denominated stablecoin.
Who can enroll in the U.S. account
Samsung’s stated requirements are U.S. residency, age 18 or older, a Samsung Account, and a compatible Galaxy device running Android 13 or later. Enrollment also requires registration, identity verification, and biometric setup. Samsung says users can initiate transfers with biometrics on registered compatible devices, without installing a separate crypto app or managing private keys themselves. Samsung’s announcement describes these terms.
How wallet and bank transfers differ
For transfers to an external crypto wallet or exchange, the recipient service must support USDC on a blockchain network Samsung Wallet supports. Samsung says it charges no fee for these transfers, though the receiving provider may charge its own.
The other route sends money to eligible bank accounts in more than 60 countries, where recipients receive local currency. Fees depend on the destination and amount; Samsung says the app displays the fee and estimated delivery time before confirmation. Eligible banks, account types, and delivery times may vary. This destination reach is separate from who can open the account: Samsung’s stated eligibility is for U.S. residents.
Before sending USDC to an external wallet, check that it supports USDC on a network Samsung Wallet supports and whether the receiving provider charges a fee.
Who provides the account and holds USDC
Samsung identifies Bastion as the provider of stablecoin-account and money-movement services. It says Coinbase acts as Bastion’s sub-custodian for USDC through Coinbase Prime Vault. A sub-custodian holds assets on behalf of another service provider. Samsung says it does not hold customer funds or act as the bank, money transmitter, or digital-asset custodian.
What Samsung describes as future possibilities
Samsung described online and in-store stablecoin payments, along with expansion to additional markets, as potential future capabilities subject to regulatory developments.
