Samsung Wallet stablecoins plan includes a USDC mockup

Samsung Wallet stablecoins support is coming to Galaxy phones, Samsung said at Galaxy Unpacked in London on July 22. For everyday investors, the move matters because it puts dollar-linked crypto closer to the same phone wallet people already use for cards, IDs, hotel keys and travel passes.

Lee Dinham, a Samsung product manager, said on stage that Samsung Wallet would expand beyond cash and savings to include “new forms of digital value, including stablecoins.” He said the feature would help make Samsung one of the first major smartphone brands to bring native stablecoins to a phone, enabling fast digital value transfers.

Samsung did not give the key details investors and users would want before judging the product. The company did not announce a launch date, name an issuer or say which blockchain network would carry the tokens.

Samsung showed a mockup of the wallet holding Circle’s USDC, according to Decrypt. USDC is the second-largest stablecoin by market value, but Samsung did not confirm Circle as a partner.

What are stablecoins in Samsung Wallet?

Stablecoins are crypto tokens designed to keep a steady price, most often around $1, by being backed with assets such as cash or short-term government debt. In a wallet app, that could make them work more like digital dollars for transfers, although the exact user experience depends on custody, network fees and the issuer behind the token.

Samsung has not said whether the stablecoin feature will be custodial or non-custodial. Custodial means a company or other third party holds the funds for the user. Non-custodial means the user controls the private keys, which are the digital credentials needed to move the crypto.

Samsung has been building crypto tools for years

The stablecoin plan extends a crypto push that started well before this announcement. Samsung added crypto storage to Galaxy phones in 2019 through Knox, a hardware-isolated security system that can be unlocked with a PIN or fingerprint, according to Decrypt.

Samsung later supported Bitcoin, Ethereum, Tron and Stellar, and in 2021 allowed Galaxy owners to connect hardware wallets such as the Ledger Nano S to that secure storage system, Decrypt reported.

In October 2025, Samsung expanded a Coinbase integration that put crypto purchases inside Samsung Wallet for 75 million U.S. Galaxy owners. At the time, Drew Blackard, Samsung’s senior vice president of mobile product management, described Samsung Wallet as a trusted tool for millions of Galaxy users.

How the Galaxy Card fits into the payment push

The stablecoin announcement came alongside the Galaxy Card, Samsung’s first U.S. credit card. Samsung said the card is issued by Barclays, runs on Visa’s network, and offers 5% cash back on Samsung purchases and 3% cash back on Samsung Wallet transactions.

Visa’s Kirk Stuart said the card reflects consumer expectations that payments be built into the digital services they use every day. Samsung described the broader effort as a secured payments and rewards experience.

The timing also lands in a larger stablecoin market. Decrypt reported that global stablecoin supply is near $310 billion and that the GENIUS Act is now a year old. Samsung’s move does not answer every product question yet, but it shows another major consumer tech company treating stablecoins as part of mainstream payment infrastructure.

This story draws on original reporting from Decrypt.