Samsung said its Wallet will natively support stablecoins, with a demo showing USDC. No launch date or issuers confirmed. Existing crypto wallet supports BTC, ETH, TRX.
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Samsung Electronics Co. said it will add native stablecoin support to its Samsung Wallet, the company's first formal move to integrate the asset class into its smartphone platform.
The announcement came during Samsung's Galaxy Unpacked event in London on July 22. No launch timeline, supported issuers, or regional availability were disclosed.
"Samsung Wallet will expand beyond cash and savings. It will embrace new forms of digital value, including stablecoins," product manager Lee Dinham said. Dinham said the company aims to be "one of the first major mobile brands" to offer native stablecoin functionality.
An on-stage demonstration showed Circle Internet Group's USD Coin. Neither Samsung nor Circle has confirmed a partnership. Circle's stock page is available for further detail.
Samsung's existing Blockchain Wallet already supports Bitcoin and Ethereum, along with Tron, and lets users connect Ledger hardware wallets through Samsung Knox security.
Samsung did not provide a launch date or list of supported stablecoins.
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