Samsung Wallet Launches Solana-Based USDC Account Service for U.S. Galaxy Users

According to TechFlow news, on November 05, Decrypt reported that Samsung Wallet has launched a USDC stablecoin account for eligible U.S. Galaxy users, allowing them to buy, hold, send, and receive USDC directly on the Solana network without downloading an additional crypto wallet or managing private keys. The service is supported by stablecoin custody provider Bastion and Coinbase, and is expected to cover approximately 82 million compatible Galaxy devices in the United States.

Users can make free transfers to other Samsung Wallet users and compatible external crypto wallets, and the service also supports transfers to bank accounts in more than 60 countries and regions. The credit card top-up fee is 4%. The service is not currently available to residents of New York State. Samsung said it plans to explore online and offline stablecoin payments in the future and gradually expand to other markets.

Source: TechFlow