Samsung Says Wallet Will Add Stablecoin Support

Samsung Wallet will support stablecoins, Samsung product manager Lee Dinham said at the company's Galaxy Unpacked event in London on July 22, the electronics giant's first direct commitment to the asset class.

"Samsung Wallet will expand beyond cash and savings. It will embrace new forms of digital value, including stablecoins," Dinham said during the presentation. He said the move makes Samsung "one of the first major mobile brands to bring native stablecoins to a smartphone, enabling fast and trusted digital value transfers."

Samsung gave no launch date, named no stablecoin issuers or partners, and specified no markets. An on-stage mockup of the Wallet interface showed Circle's USDC, but neither company has confirmed a partnership. Samsung's newsroom published no release on the plan, and the company did not respond to Cointelegraph's request for comment.

From Denial to Commitment in a Month

The pledge follows a June episode in which Samsung appeared among 140-plus listed partners of the Open USD stablecoin consortium led by Bridge co-founder Zach Abrams — and then denied any formal agreement, saying there had been no official consultations.

Samsung has circled crypto since 2019, when the Galaxy S10 shipped with a hardware-backed blockchain wallet. In October 2025, it embedded Coinbase One into Samsung Wallet for more than 75 million US Galaxy users.

The stablecoin plan arrived alongside the Galaxy Card, Samsung's first credit card, issued by Barclays on the Visa network in the US. Neither Apple Pay nor Google Wallet offers native stablecoin support; both route crypto through partners.

The Korea Question

Samsung's home market adds another layer. South Korea's framework act for won-pegged stablecoins has stalled since early 2026 over who gets to issue them — the Bank of Korea wants bank-led consortiums to go first, while the Financial Services Commission has called that too restrictive. The ruling party is targeting a September reintroduction of the bill. Dinham's remarks made no mention of Korea or a won stablecoin.

The addressable market is large on both sides: total stablecoin supply stands at about $307.6 billion, per DefiLlama, and USDC processed a record $1.21 trillion in adjusted transaction volume in June.