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The Solana Foundation stated that Samsung Wallet and Samsung Pay will support the stablecoin feature on Solana, allowing American users to make cross-border transfers through USDC starting from the last week of October.
This feature will be launched on 82 million American Galaxy devices and will come with a built-in conversion function to local currencies.
In July this year, Samsung stated that its wallet would add support for stablecoins, but at that time, no details regarding the issuer, blockchain, or launch date were provided.
The Solana Foundation announced on Wednesday that Samsung Wallet will allow American users to use the USDC stablecoin of Circle to make cross-border transfers on Solana starting from the last week of October.
This feature will also be extended to Samsung Pay, and when it goes live, it will cover 82 million American Galaxy devices. According to the announcement, the built-in fiat currency exchange channels will enable conversion between local currencies, while the infrastructure for Solana will operate "in the background."
Solana posted on X that: 'Samsung is collaborating with Solana to bring stablecoins to 82 million US Galaxy devices. Samsung wallet users in the United States will be able to use USDC for cross-border transfers starting from the last week of October.'
The head of Samsung Electronics' mobile business digital wallet team, Woncheol Chai, stated: "Stablecoins have the potential to make global capital flows faster and easier. We hope that Galaxy users can benefit from this, without having to deal with the complexity of traditional cryptographic tools."
Solana Foundation Chairman Lily Liu stated: "Samsung has decided to collaborate with Solana to bring the digital dollar into everyday life through one of the most trusted technology brands in the world."
Samsung's Stablecoin Plan
Samsung stated at the Galaxy Unpacked event held in London in July that Samsung Wallet would add support for native stablecoins, and displayed a schematic diagram of holding USDC. At that time, the company did not announce a launch date, issuer, or blockchain.
The announcement mentions Solana and USDC, but it does not clarify whether Circle is a partner, nor does it state whether users will hold their own private keys, or what the transfer fees are.
The Solana Foundation stated that the supply of stablecoins on Solana has increased by nearly 20% year-on-year, and the network has processed over $5.25 trillion in stablecoin transactions in 2026. The foundation also mentioned that companies such as PayPal and Western Union are already using Solana to handle stablecoin transactions. Visa has also adopted USDC on Solana for payment settlements.
In 2019, Samsung launched a blockchain wallet for the Galaxy phone, and later added support for cryptocurrencies to the Galaxy S20, integrated with Stellar, and also supported connection with hardware wallets. Last October, Samsung also integrated the Coinbase with Samsung Wallet, reaching 75 million American users.
Solana Mobile is the smartphone business department of that network. In 2023, they launched Saga, and last year they introduced Seeker. They also airdropped SKR tokens to Seeker users, but did not airdrop them to owners of Saga devices.
Mult Token Issuance in Capital Co-founder Kyle Samani wrote after the announcement: "99% of people think these projects centered around mobile phones by Yakovenko are stupid. I used to think so too for a while." He added that the "early work of Solana Mobile Stack" facilitated this collaboration with Samsung.
Solana, co-founder, responded to Anatoly Yakovenko saying, 'Out of 100 projects led by founders, 99 are stupid. Doing nothing is also stupid. That's basically why starting a business is so difficult.'
The announcement states that more markets will be launched in the future, but this will depend on local regulatory requirements.
