A planned Wallet feature would add USDC transfers for eligible U.S. Galaxy users in the last week of October. The 82 million compatible devices it cites measure reach, not customers, because access depends on age, residence, identity checks and supported destinations.
Samsung plans to add USDC transfers to its Wallet app during the last week of October. The company says 82 million U.S. Galaxy devices are compatible, but that figure counts hardware, not verified users or active senders.
Who can use the feature
Eligible users must be U.S. residents aged 18 or older with a Samsung account and a compatible Galaxy device running Android 13 or later. They also have to complete identity verification and set up biometric authorization. As of October 12, the rollout has not begun.
Samsung has not published forecasts for enrollment, balances or transfer value, so the 82 million figure cannot be read as a user count.
Two ways to send
The first route sends USDC to an external wallet or exchange account on a blockchain Samsung Wallet supports. Samsung says it charges no transfer fee on this route, although the receiving provider may charge its own fee.
A second route pays out to eligible bank accounts in more than 60 countries, where the recipient may receive local currency. Fees on this route vary by destination and amount, and the app is to show them with an estimated delivery time before the sender confirms.
Partners hold the funds
Samsung says it will not hold customer funds. Bastion will run the accounts, custody and compliance services, with Coinbase Prime Vault as subcustodian. Samsung names Solana and Sui as blockchain infrastructure partners, but it has not published which network and destination combinations each customer will see on day one.
Online and in-store stablecoin payments appear in Samsung's announcement only as possible future additions. The launch product is a transfer service.
Source: crypto.news
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