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Home » Cryptocurrency

Samsung Launches USDC Remittances on 82M Galaxy Phones

Published on: October 8, 2026, 5:59 AM EDT
Kelvin Scott
Finance News Analyst • 626 Articles
Kelvin Scott, with over 8 years of experience, covers the latest trends in digital assets, financial markets, and regulatory developments. W... See full bio
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Samsung said on October 7, 2026 that eligible Galaxy users will be able to send USDC directly from Samsung Wallet to compatible crypto wallets. Bank payouts reach more than 60 countries.

The Essentials

  • Samsung Wallet’s stablecoin feature will be available across 82 million U.S. Galaxy devices at launch.
  • Eligible users will be able to send USDC to compatible crypto wallets internationally with no transfer fees. Bank transfers carry fees that the app shows first.
  • Bastion, a licensed stablecoin custodian, will run the cross-border payment framework. Coinbase safeguards the USDC as sub-custodian.
  • Stablecoin wallet functionality will be available in the last week of October across eligible Galaxy devices.

Fees split between the two payout routes

Samsung Wallet will also let users send money to qualifying bank accounts in more than 60 countries, according to Samsung’s newsroom announcement. Funds are delivered in the recipient’s local currency.

That route is not free. Fees apply, vary by destination country and amount. The app shows them, with an estimated delivery time, before the sender confirms.

The crypto route is cheaper on paper. Eligible users will be able to send USDC to compatible crypto wallets internationally in seconds and with no transfer fees. Samsung’s pitch is that native integration is removing some of the hassle typically associated with stablecoin use, which includes separate apps, wallets and private keys.

Your Samsung Wallet is getting an upgrade. USDC will be added to Samsung Wallet as the first supported stablecoin – powered by Coinbase. Available soon in the US. https://t.co/9LwptbUuuR

— Coinbase 🛡️ (@coinbase) October 8, 2026

The free leg only helps a recipient who already holds a crypto wallet. The leg that reaches an ordinary bank account is the one that costs money, so a blanket “no-fee remittance” description overstates what Samsung announced.

Bastion and Coinbase hold the money, not Samsung

Bastion, a licensed stablecoin custodian overseen by U.S. financial regulators, will power the cross-border payment framework behind the feature. Bastion has partnered with Coinbase as its official sub-custodian. Coinbase safeguards all USDC in Samsung Wallet via Coinbase Prime Vault.

Samsung’s footnote adds that it is not a bank, money transmitter, or digital asset custodian and does not hold customer funds.

On the device side, biometric authentication on registered devices is required to initiate transfers. The structure makes Samsung the distribution layer and leaves custody and money movement with regulated partners.

Stablecoin wallet functionality is scheduled to go live in the last week of October. Samsung has published no price list for bank payouts, so the in-app fee screen at launch will be the first public test of its pricing.

Definition of Stablecoin. Link to full glossary entry follows the description.Stablecoin

A stablecoin is a cryptocurrency tied to a reserve asset like the US dollar, designed to maintain a stable value for trading, payments, and transfers.

Read more about Stablecoin

This article has been reviewed and fact-checked by Barry Elad. CoinLaw follows strict Publishing Principles and a documented Fact-Check Policy to ensure accuracy, transparency, and editorial independence across all content.

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References

  • Samsung Wallet to Bring Stablecoin Access to Eligible Galaxy Users in the US, Samsung Newsroom
Kelvin Scott

Kelvin Scott

Finance News Analyst


Kelvin Scott, with over 8 years of experience, covers the latest trends in digital assets, financial markets, and regulatory developments. With a strong focus on accuracy and clarity, he delivers timely updates to help readers navigate the fast-changing world of crypto and finance. An avid football fan, he never misses a chance to watch a good match, whether it’s Premier League drama or a local game.

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Table of Contents

  • The Essentials
  • Fees split between the two payout routes
  • Bastion and Coinbase hold the money, not Samsung
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