Samsung Targets 800M Galaxy Phones for Stablecoin Distribution

Samsung Electronics is bringing stablecoins into Samsung Wallet, giving digital dollars a distribution channel spanning hundreds of millions of Galaxy devices. At the July 22 Galaxy Unpacked event in London, Samsung showed a mockup of Samsung Wallet supporting stablecoins, including USDC from Circle Internet Financial. The company has not confirmed a partner, launch date, or which blockchains will be used.

The scale of the potential rollout is attracting attention. Analysts cited by CoinDesk estimate that Samsung could put stablecoin functionality on as many as 800 million Galaxy smartphones, making it one of the largest consumer-facing distribution channels in the industry.

Samsung Wallet already handles payment cards, identification documents, digital keys, and other credentials. In South Korea alone, it has nearly 19 million users. Adding stablecoin support would put digital-dollar functionality inside an app consumers already use, rather than requiring a separate crypto wallet.

Samsung has been building crypto infrastructure for years. It introduced a Knox-based crypto wallet in 2019 and added hardware-wallet support in 2021. In October 2025, it integrated Coinbase into its U.S. Galaxy ecosystem, giving access to about 75 million U.S. Galaxy owners, according to Decrypt.

Samsung is also expanding its exposure to South Korea's digital-asset industry. Three Samsung affiliates agreed to buy a combined 4% stake in Dunamu, operator of the Upbit exchange, for about $408 million.

The timing reflects the growing use of stablecoins beyond crypto trading. Dollar-backed tokens are increasingly being used as payment and settlement infrastructure, enabling round-the-clock cross-border transfers.

Samsung has not disclosed the details that will determine the initiative's impact. It has not named its stablecoin partners, confirmed whether USDC will be supported at launch, specified custody arrangements, or announced which countries will get the service first.

Circle Internet Financial, the issuer of USDC, carries an Alpha Score of 28 out of 100, a label of Weak. That score suggests the company faces fundamental headwinds even as its token may gain a massive distribution channel. The CRCL stock page tracks the company's performance.

Samsung has not disclosed a launch date, its stablecoin partners, or which countries will get the service first. The company said at the Unpacked event that Samsung Wallet will support "new forms of digital value, including stablecoins," but provided no further timeline.