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Samsung to Add USDC Remittances to Wallet in October

Samsung says eligible U.S. Galaxy users can send USDC to wallets or local bank accounts in 60-plus countries through Wallet, with partner-run custody and conversion.

By Crypto Readout Editorial3 min read#7a7557

Samsung to Add USDC Remittances to Wallet in October

Samsung announced on Oct. 7 that eligible U.S. Galaxy users will be able to send USDC through Samsung Wallet starting in the last week of October, bringing stablecoin transfers and international bank payouts into its mobile wallet. The Samsung announcement says the feature will initially support USDC, a dollar-denominated stablecoin, on 82 million compatible U.S. Galaxy devices.

The transfer has several steps. A user funds the service through an integrated conversion service, then sends USDC either to a compatible crypto wallet or to an eligible bank account abroad. For bank payouts, the recipient can receive local currency without using a crypto wallet. Samsung says the service will cover eligible accounts in more than 60 countries.

Who handles the USDC and the transfer?

Partner companies handle the stablecoin accounts, custody and movement of funds. Samsung says Bastion will provide the payment framework, while Coinbase will act as sub-custodian through Coinbase Prime Vault. Solana and Sui are among the partners providing blockchain network support. The CoinDesk report also describes integrated on- and off-ramps: services that convert between local currency and USDC.

Before sending, a user must register and verify their identity. Samsung requires biometric authentication on a registered, compatible device to initiate a transfer. The service is for eligible U.S. residents aged 18 or older with a Samsung Account and a compatible Galaxy device running Android 13 or later.

What will a transfer cost, and what does “remittance” mean here?

Samsung says it will charge no fee for USDC transfers to compatible external wallets, though the receiving wallet or exchange may charge one. Bank payouts are different: fees vary by destination and amount, and Samsung says the app will show the fee and estimated delivery time before the sender confirms. Recipient banks and account types may also be ineligible.

The distinction matters because the product offers two routes. One sends USDC to a crypto wallet, where the recipient needs a wallet that supports USDC on a network available through Samsung Wallet. The other routes the payment to an eligible bank account, where the recipient gets local currency. In both cases, the underlying transaction uses stablecoin infrastructure; the bank route adds conversion and payout steps.

When does the feature arrive outside the United States?

Samsung has set the U.S. launch for the last week of October and says further market expansion will depend on local regulation. It has not announced a date for another country. The company also says later versions may add online and in-store stablecoin payments, but those are possible future features, not part of the announced launch.

Sources