Stripe handles stablecoin purchases for the Samsung Wallet service, while Circle issues the underlying USDC stablecoin

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Samsung first announced its feature selecting the Solana blockchain for USDC transfers

Eligible U.S. residents 18 and older with a device running Android 13 or higher can use Samsung Wallet's Stablecoin Account feature, though New York residents are excluded

The Samsung Wallet feature enables users to buy, hold, send, and receive Circle's USDC on the Solana blockchain without managing private keys or downloading a separate application

Woncheol Chai, head of Samsung's digital wallet team, stated that Samsung aims to offer faster money movement to Galaxy users without traditional crypto complexity

Licensed custodian Bastion serves as the primary custodian for the USDC in Samsung Wallet, while Coinbase acts as sub-custodian using Coinbase Prime Vault

Routing Samsung Wallet USDC transfers through the Solana blockchain embeds Solana-based dollar transactions directly into a mainstream consumer payments platform

Samsung Wallet permits transfers to external crypto wallets without Samsung transfer fees, while bank account or debit card withdrawals and credit card top-ups incur fees

Samsung Wallet launched stablecoin accounts for eligible U.S. Galaxy users on November 5, 2026, reaching approximately 82 million compatible devices

Samsung does not hold customer funds or act as a digital asset custodian in Samsung Wallet's Stablecoin Account arrangement

Circle reported third-quarter 2026 USDC transaction volume grew 49% to $13.9 trillion while reserve income fell 8% to $658 million

Solana Foundation President Lily Liu stated that while stablecoins proved their underlying technology over a decade, they previously lacked a way to reach mainstream consumers

PYMNTS Intelligence research found that 42% of surveyed middle-market companies expressed interest in stablecoins, though only 13% had used them

PYMNTS Intelligence found that 88% of surveyed firms receiving stablecoins convert them immediately into U.S. dollars

FinCEN alleged MEXC Global processed $22 million benefiting Iran's central bank and the Islamic Revolutionary Guard Corps' Qods Force, alongside nearly $200 million connected to the A7A5 stablecoin

As part of Operation Economic Outcast, the U.S. Treasury designated Russia's A7 Network a transnational criminal organization and sanctioned Iranian crypto exchanges Nobitex and BitBank, the latter over alleged transfers to the IRGC

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Solana Foundation said Samsung Wallet users can send USDC on Solana to other Samsung Wallet users, external crypto wallets and qualifying bank accounts

Attackers initially swapped 234 million stolen USDT for TRX on SunSwap, using approximately 7,700 TRON network addresses before moving funds off TRON.

Asset issuers including Tether and Circle froze approximately $3 billion in stolen cryptocurrency assets shortly after the October 29, 2026 Binance breach.

Stolen Crédit Mutuel funds transferred into secondary bank mule accounts were forwarded to cryptocurrency exchanges Kraken, Crypto.com, and OKX to purchase stablecoins

KB Financial Group completed a won-denominated stablecoin pilot for offline payments in May 2026, while Kakao Pay and KakaoBank partnered with Fireblocks in September 2026 for digital asset infrastructure.