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Stablecoins Go Mainstream as Samsung Wallet Adds USDC on Solana
Nov 5, 1:01 PM·
Medium Optimistic
Summary

Samsung Wallet’s Stablecoin Account is now live for eligible U.S. Galaxy users, allowing them to buy, hold, send and receive USDC on Solana across about 82 million compatible devices without a separate crypto app or private keys, with Bastion providing custody and Coinbase safeguarding USDC through Coinbase Prime Vault. Eligible U.S. Galaxy owners can also cash out USDC, with bank payouts available across more than 60 countries worldwide. Separately, the USDC Treasury minted 250 million USDC, worth about $250 million, on Solana at 1:14 p.m. ET Wednesday, Nov. 4 (18:14 UTC), a transaction confirmed on the network. Most recently, West…

Samsung Wallet USDC Accounts Go Live on Solana in US

Samsung Wallet’s Stablecoin Account is now live for eligible U.S. Galaxy users, according to CoinMarketCap. The feature allows users to buy, hold, send and receive USDC on Solana.

Access and custody

The account is available across roughly 82 million compatible devices, per the report, and does not require a separate crypto app or private keys.

  • Custody: Bastion provides custody.
  • USDC safeguarding: Coinbase safeguards USDC through Coinbase Prime Vault.

Cash out and payouts

Eligible U.S. Galaxy owners can also cash out USDC, with bank payouts available across more than 60 countries worldwide.

Separate treasury mint

Separately, the USDC Treasury minted 250 million USDC, worth about $250 million, on Solana at 1:14 p.m. ET Wednesday, Nov. 4 (18:14 UTC), a transaction confirmed on the network.

The source material also references a subsequent item beginning “Most recently, West…” without further detail.