Samsung confirmed that Samsung Wallet will add native support for stablecoins at its Galaxy event in London on July 22. The company disclosed the plan during a presentation that showed Circle's USDC alongside conventional payment and travel products, indicating progression beyond merely discussing stablecoins as a future feature. The move is part of Samsung's broader payments and rewards strategy, presented alongside the Galaxy Card, its first U.S. credit card issued by Barclays on the Visa network. Samsung has not named a stablecoin issuer, blockchain network, launch market, or release date, and has not explained whether users will hold and transfer stablecoins directly within Samsung Wallet or be redirected to accounts operated by other companies.
Samsung Confirms Stablecoin Support Without Naming Issuer or Launch Details
Samsung confirmed that Samsung Wallet will add native support for stablecoins, potentially placing digital dollars inside an app already used for payment cards, identification documents, hotel keys, and boarding passes. A presentation mockup showed Circle's USDC alongside conventional payment and travel products.
Samsung has not named a stablecoin issuer, blockchain network, launch market, or release date. The company has also not explained whether users will be able to hold and transfer stablecoins directly or whether Wallet will redirect them to an account operated by another company. Neither Samsung nor Circle has confirmed a commercial agreement, meaning the USDC image indicates a possible product direction rather than a final decision about which token will be supported.
The issuer selection will matter because stablecoins are claims on reserve assets managed by private companies. The issuer determines how reserves are held, how tokens can be redeemed, and what legal protections apply when transactions are frozen or accounts become inaccessible. Samsung has also not identified the blockchain that would process transactions. USDC operates across several networks, each with different fees, settlement speeds, and wallet requirements.
Samsung Has Not Disclosed Custody Model or User Control Structure
The largest unresolved issue is custody. Samsung has not said whether it or a regulated partner will control users' funds, or whether users will manage their own private keys through a non-custodial system. A custodial service would offer familiar account recovery and customer support but would require a company to safeguard the assets and comply with identity checks, transaction monitoring, and lawful freezing orders. A non-custodial system would give users greater control while placing more responsibility on them to protect recovery credentials.
Samsung already has experience with device-based crypto security. Galaxy phones have supported cryptocurrency storage through the Knox security platform since 2019, including support for Bitcoin, Ether, Tron, and Stellar. Galaxy users were later given the ability to connect hardware devices such as the Ledger Nano S. The company also partnered with Coinbase in October 2025 to provide eligible U.S. Galaxy owners with access to Coinbase One through Samsung Wallet. That arrangement connected Samsung's payment interface to a separate cryptocurrency platform.
Samsung Presented Stablecoin Plan Alongside Galaxy Card Launch
Samsung presented the stablecoin plan alongside the Galaxy Card, its first U.S. credit card, issued by Barclays on the Visa network. The card offers 5% back on Samsung purchases and 3% on transactions made through Samsung Wallet, placing digital assets within a wider payments and rewards strategy. The combined presentation suggests Samsung views stablecoins as another payment instrument rather than a separate crypto product.
Samsung's target of 800 million devices running Galaxy AI by the end of 2026 does not represent Samsung Wallet usage or the number of customers who will receive stablecoin support. The company has not identified eligible phone models or markets, and the U.S. remains the only confirmed location for its earlier Coinbase integration.
Regulatory Requirements and Market Rollout Remain Unspecified
Regulation will shape the rollout. U.S. stablecoin providers face requirements under the GENIUS Act, while issuers and service providers in the European Union operate under MiCA. Samsung may need different partners, custody arrangements, or supported tokens in each market. The company has not identified eligible phone models, launch markets, or a release timeline.
FAQ
What did Samsung confirm about stablecoins at its Galaxy event?
Samsung confirmed that Samsung Wallet will add native support for stablecoins at its Galaxy event in London on July 22. A presentation mockup showed Circle's USDC alongside conventional payment and travel products. Samsung has not named a stablecoin issuer, blockchain network, launch market, or release date.
Has Samsung confirmed a partnership with Circle for USDC?
No. USDC was the only stablecoin shown during the demonstration, but neither Samsung nor Circle has confirmed a commercial agreement. The image indicates a possible product direction rather than a final decision about which token will be supported.
What custody model will Samsung Wallet use for stablecoins?
Samsung has not disclosed whether it or a regulated partner will control users' funds, or whether users will manage their own private keys through a non-custodial system. The company already supports cryptocurrency storage through the Knox security platform since 2019 and partnered with Coinbase in October 2025 to provide eligible U.S. Galaxy owners with access to Coinbase One through Samsung Wallet.
