Samsung Wallet now supports USDC on the Sui blockchain for eligible Galaxy devices in the US, the Sui Foundation announced on October 8. The integration covers up to 82 million US Galaxy devices, with other markets to follow at an unspecified date.
Users can hold and send USDC directly within Samsung Wallet. USDC is the only asset supported at launch, and the SUI token is not available. Sui's gasless stablecoin transfers mean users pay no network fee and do not need to hold SUI to move dollars.
"Stablecoins have the potential to make moving money around the world faster and easier," said Woncheol Chai, head of the digital wallet team in Samsung Electronics' mobile business.
Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, the original contributor to Sui, said that "stablecoins have proven that dollars can move globally in seconds."
The announcement settles details Samsung left open in July, when it showed a Samsung Wallet mockup holding USDC at its Galaxy Unpacked event in London but gave no chain, issuer or launch date. Choosing Sui over Ethereum, Solana or Base hands a high-profile distribution win to a network that has been courting payments use cases. Sui says it has processed more than $1 trillion in stablecoin transfer volume since August 2025.
Several practical questions remain. The announcement does not say how users fund their USDC balance, whether through a bank, a card or an exchange integration, or whether the wallet is self-custodial. It also describes the feature in terms of sending money and remittances, with no mention of paying merchants through Samsung Pay, which is where a phone wallet's distribution would matter most. Circle is not named as a partner, although native USDC has been live on Sui since 2024.
The 82 million figure measures potential reach. How many Galaxy owners actually fund a USDC balance will depend largely on the on-ramp, which Samsung and Sui have yet to describe.
Arc, the layer-1 blockchain developed by Circle, has rolled out its Earn Kit SDK. The kit lets developers connect USDC sitting in Arc apps directly to curated Morpho Vaults so users can earn interest.
What the Earn Kit actually does The Earn Kit SDK is part of Arc’s broader App Kits suite. Its job is narrow and practical: embed USDC and EURC earning features inside applications without forcing builders to become DeFi engineers.
Developers skip several chores that normally come with offering yield. There is no need for custom DeFi protocol integrations, no vault contracts to write and no markets to bootstrap from scratch.
Instead, the SDK takes care of the plumbing. It handles vault discovery, deposits, position tracking and withdrawals on the developer’s behalf.
For builders, the interface is a set of TypeScript methods. Functions such as exploreVaults and deposit stand in for the smart contract code that would otherwise be required.
The setup is non-custodial. Users keep control of their funds through their own wallets, and their USDC sits in vault contracts rather than with the app or Arc.
Early numbers and partners Day-one deposits topped $150 million across USDC and EURC vaults.
Two integrations are already on the board. Pulsar Money Earn and SafePal have both connected to the framework.
On the vault side, curators include Steakhouse Financial and Galaxy. Curators decide how deposited funds are allocated across lending markets, so the quality of curation largely shapes what depositors are actually exposed to.
At launch, the supported opportunities involve lending backed by ETH and BTC collateral. In plain terms, depositors’ stablecoins are lent to borrowers who post Ethereum or Bitcoin as security.
The kit also supports cross-chain deposits facilitated by CCTP, along with gas sponsorship. That means users may not need to hold a separate token just to pay transaction fees.
The SDK went live on testnet shortly after it was announced on approximately September 16, 2026. Full mainnet deployment is expected by late September 2026.
Why Morpho sits at the center Morpho was established as Arc’s primary credit layer on around September 16, 2026. The Earn Kit is essentially the developer-friendly front door to that credit infrastructure.
Morpho’s role on Arc goes beyond passive yield. It provides variable-rate lending and borrowing, which gives the network a native place for stablecoin capital to find borrowers.
Arc’s App Kits are built around a cluster of stablecoin functions: funding, earning and borrowing. The Earn Kit fills in the earning piece of that puzzle.
What this means for builders and users There are risks worth keeping in view. Yield from lending is only as sound as the collateral and the curation behind it, and launch-stage opportunities are concentrated in ETH- and BTC-backed loans.
A sharp drop in either asset would test the liquidation mechanics of these vaults. The non-custodial design protects users from an app misusing funds, but it does not shield them from market risk inside the vault itself.
The things to watch are fairly concrete. First, whether mainnet arrives on the expected late-September timeline. Second, whether more apps follow Pulsar Money Earn and SafePal in plugging in.
Third, whether deposits keep climbing beyond the $150 million opening mark across USDC and EURC vaults. Finally, if Arc expands beyond ETH and BTC backing, the risk profile of these vaults will shift, and developers will need to decide which opportunities they are comfortable putting in front of their users.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
TLDR: Extended will migrate its settlement network to Circle’s Arc blockchain during the week of October 19. Holders of over $1 in USDT or wBTC must convert to USDC or cirBTC by 12:00 UTC on October 21. Converting earns a 0.50% premium paid by Extended, with no swap fees and credit within 8 hours. Deposits and withdrawals pause for about two hours, while trading and sub-account transfers continue. The Extended Arc migration will move its settlement network to Circle’s Arc blockchain during the week of October 19. Extended operates a perpetual DEX offering contracts on stocks, commodities, indices, and crypto.
Arc is a Layer 1 network built for financial markets, and it launched on September 16. Trading will continue throughout the process.
Users holding more than $1 in USDT or wBTC must convert those assets by 12:00 UTC on October 21. Neither asset exists on Arc.
Extended Arc Migration Plan and User Deadline In a post on X, Extended announced, “ The platform listed three improvements.
On infrastructure, it said trades Extended also expects broader real-world asset coverage and deeper liquidity across spot and perpetual markets.
Accounts, sub-accounts, positions, orders, history, points, and keys will carry across unchanged. However, users with more than $1 of USDT or wBTC in a sub-account must act before the deadline. They can convert in the app to USDC or cirBTC at a 1:1 rate plus a 0.50% premium.
Extended pays the premium and charges no swap fees. The premium will be credited within 8 hours after the migration.
One approval in the app covers both assets and every sub-account. Deposits of both assets were disabled as of 16:00 UTC on the day of the announcement.
ETH balances will convert automatically to wETH on Arc at a 1:1 ratio. USDC will migrate as native USDC. Vault and XVS balances, along with withdrawal rights, will be preserved. Other users need to take no action.
Process Risks and Arc Features Deposits and withdrawals will pause for roughly two hours during the Extended Arc migration. Transfers between sub-accounts will keep working.
Extended advised users to ” Precise timing will be shared closer to the date.
Under the Extended Arc migration rules, users who miss the deadline face account restrictions. Standard liquidation rules still apply, and they cannot add margin or close positions.
Affected sub-account positions close at the mark price with no fee, and open orders are cancelled. Extended returns the assets to the login wallet on Starknet or Ethereum and covers network fees.
Arc mainnet went live on September 16 with four features relevant to a trading venue. These are deterministic sub-second finality, gas paid in USDC, and EVM compatibility. The network also has an institutional validator set. Existing wallets and tooling will continue to work as they do today.
Extended is building a unified platform for trading perpetual contracts across asset classes with varied collateral. That plan requires a settlement layer built for markets and trusted by the institutions that distribute them. Arc launched with BlackRock, DTCC, ICE, Visa, and Mastercard among its founding validators.
TLDR: BNY now offers regulated digital asset custody to select institutional clients in the European Union. BNY’s European entity joined the ESMA MiCA register in July 2026, enabling crypto-asset custody services. The platform supports BTC, ETH, SOL and USDC, with plans to add broader crypto-assets and stablecoins. Launched in 2022, the platform uses multiparty computation, segregated wallets and private key storage. BNY Digital Asset Custody is now available to select institutional clients in the European Union under the Markets in Crypto-Assets (MiCA) framework. BNY announced the expansion on October 8 in Brussels.
The company is one of the first global systemically important banks to offer regulated digital asset custody in the region.
The service covers custody, administration, and transfer of crypto-assets. It is aimed at clients operating in one of the world’s largest regulated markets for digital assets.
MiCA Registration and Executive Comments The expansion follows a registry update made in July 2026. The Bank of New York Mellon SA/NV, BNY’s European banking entity, joined the European Securities and Markets Authority MiCA register.
As a result, BNY can provide custody, administration, and transfer services for crypto-assets. These services are available to clients across one of the largest regulated digital asset markets.
Jennifer Barker, Head of Europe at BNY, described the demand behind the launch. She said, “
She pointed to banks and broker-dealers that are expanding crypto-asset and stablecoin offerings. Asset managers and corporate treasurers are also exploring digital payments and tokenized securities.
Barker also spoke about the standards institutions expect. She said they need solutions with “ they rely on across traditional operations.
In her words, BNY is providing clients with “institutional-grade infrastructure to navigate this transition with confidence.”
The announcement called the update breaking news. It referred to institutional-grade security, risk management, and operational expertise.
BREAKING: #BNY expands Digital Asset Custody for select institutional clients in the #EuropeanUnion under the Markets in Crypto-Assets (MiCA) framework.
Our Digital Asset Custody platform is designed with institutional-grade security, risk management and operational expertise to… pic.twitter.com/JCBPkL85la
— BNY (@BNYglobal) October 8, 2026
Additionally, the post said the platform supports digital cash, tokenized assets, payments, settlement, and collateral mobility.
Platform Security and Supported Assets Launched in 2022, BNY Digital Asset Custody provides secure safekeeping and servicing of digital assets. The infrastructure includes multiparty computation technology, segregated client wallets, and storage of private keys. BNY designed these controls to support risk management and security across the service.
Through this model, clients can access regulated custody for BTC, ETH, SOL, and USDC. BNY also has ambitions to support broader crypto-assets and stablecoins. For now, the platform serves select institutions in the European Union under the MiCA framework.
Emily Portney, Global Head of Asset Servicing at BNY, explained how the platform was built. She said, “
According to Portney, it draws on the firm’s existing asset servicing expertise and controls. She added that the expansion equips clients to integrate operations with digital strategies “across the full asset lifecycle.”
Carolyn Weinberg, Chief Innovation and Market Transformation Officer at BNY, commented on the BNY Digital Asset Custody expansion.
She said BNY is “ Weinberg added that the expansion connects traditional and digital financial ecosystems. She also cited continued investment in BNY’s capabilities.
Samsung Electronics Co. Ltd. (OTC:SSNLF) will launch stablecoin wallet functionality in the last week of October for its Galaxy users in the U.S., the company said on Wednesday.
Coinbase-Powered SupportThe initial rollout will support USDC (CRYPTO: USDC), the second-largest stablecoin by market capitalization. Eligible users will be able to send USDC from Samsung Wallet to compatible international cryptocurrency wallets without transfer fees.
Samsung Wallet will also support transfers to qualifying bank accounts in more than 60 countries, with recipients receiving funds in their local currency.
Coinbase Global Inc. (NASDAQ:COIN) will custody the USDC held in Samsung Wallet through Coinbase Prime Vault.
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Samsung and Coinbase Deepen RelationshipThe launch builds on Samsung and Coinbase’s ongoing collaboration, which includes Samsung Pay as a payment option in the Coinbase app and access to Coinbase One benefits for eligible users via Samsung Wallet.
Samsung Blockchain Wallet already supports cryptocurrencies including Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Tron (CRYPTO: TRX), while allowing users to connect Ledger hardware wallets through Samsung Knox security infrastructure
The stablecoin announcement comes as Samsung raised its third-quarter guidance, attributing the stronger outlook to AI-driven demand for memory chips. The company will release detailed third-quarter results, with division breakdowns, on Oct. 29.
Price Action: Coinbase shares are down 0.67% pre-market after closing 3.92% lower at $178.45 during Wednesday’s regular trading session, according to Benzinga Pro.
Benzinga’s Edge Stock Rankings note a stronger short- and medium-term price trend, but weaker long-term performance.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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TLDR Samsung Wallet and Samsung Pay will support USDC transfers on Solana starting in the last week of October. The feature covers about 82 million Galaxy devices in the US and does not require a separate crypto app. Samsung will not charge a fee on transfers, though recipient wallets or exchanges may. Users can also send funds to bank accounts in more than 60 countries in local currency. Coinbase will custody the USDC through Coinbase Prime, with Bastion also part of the setup. Samsung will soon let eligible Galaxy users in the U.S. send USDC stablecoins across borders. The feature will be part of Samsung Wallet and Samsung Pay.
The South Korean tech company announced the plan in a statement on Thursday. The service is set to launch in the last week of October.
It will be available across 82 million Galaxy devices in the U.S. The transfers will run on the Solana blockchain.
How the USDC Feature Works Samsung said the feature is built directly into Samsung Wallet. Users will not need to download a separate crypto app.
The wallet will include fiat on-ramps and off-ramps. This lets users move between regular dollars and USDC inside the app.
Users will be able to send USDC to compatible external wallets. Solana and Sui infrastructure will run behind the scenes.
The system also works with Bastion, a licensed stablecoin custodian in the U.S.
“Sending money abroad should feel as convenient as using the wallet already on your phone,” said Woncheol Chai, executive vice president and head of the digital wallet team at Samsung Electronics.
Chai added that eligible users can get started “without installing another app or managing private keys themselves.”
Samsung said it will not charge a fee for the transfers. Recipient wallets or exchanges may still charge fees, and transfer speed will depend on network conditions.
The wallet will also support transfers to eligible bank accounts in more than 60 countries. Funds will arrive in the recipient’s local currency, though fees may vary by destination.
Samsung and Coinbase Expand Partnership Samsung called the new feature the “next chapter” of its work with Coinbase. Last year, the two companies expanded their partnership so U.S. Galaxy users could fund Coinbase accounts with Samsung Pay.
Alec Lovett, Coinbase’s head of infrastructure products, said in a blog post on Wednesday that Coinbase will custody the USDC held in Samsung Wallet. This will be handled through Coinbase Prime.
Lovett described the launch as a “distribution milestone for USDC,” pointing to Samsung’s global reach.
Lily Liu, president of the Solana Foundation, said the feature “puts digital dollars into everyday life.”
“This level of adoption is what we built Solana for, and we’re seeing the moment when stablecoins stop being a crypto product and start being how people move money,” Liu said.
Samsung said it plans to bring the service to more markets in the future. Any expansion will depend on local regulatory requirements.
Samsung Electronics announced that eligible Galaxy smartphone owners in the United States will soon gain access to cross-border USDC transfers through Samsung Wallet and Samsung Pay. The feature, scheduled for release in the last week of October, will cover approximately 82 million Galaxy devices in the country. Transfers will use the Solana blockchain network to enable fast and cost-effective movement of USDC, a popular US dollar-pegged stablecoin.
USDC Payments Integrated into Samsung WalletThe new capability is built directly into the Samsung Wallet app, and neither a separate cryptocurrency application nor management of private keys is required. Users can deposit or withdraw US dollars and seamlessly convert between USDC and fiat currency within the app, making international money transfers as easy as sending funds domestically.
Users will be able to send USDC to compatible wallets or to eligible bank accounts in more than 60 countries, where recipients will receive the funds in their local currency. Samsung stated that it will not charge fees for sending transfers, although recipient wallets or exchanges may apply their own fees and the speed of transfers may vary depending on network conditions.
The solution utilizes Solana and Sui blockchain infrastructure, ensuring fast settlement. Bastion, a US-licensed stablecoin custodian, also supports the backend operations of this cross-border payment feature.
Mini dictionary: Bastion is a licensed US-based digital asset custodian specializing in the secure holding and management of stablecoins.
Sending money abroad should feel as convenient as using the wallet already on your phone, stated Woncheol Chai, executive vice president and head of the digital wallet team at Samsung Electronics. Chai pointed out that eligible users can access the service without installing another app or managing their private keys.
Expanding Partnership with CoinbaseThe newly launched service represents an extension of Samsung’s partnership with Coinbase, a leading cryptocurrency exchange and custody provider based in the US. In this setup, Coinbase Prime handles custody of the USDC within Samsung Wallet, ensuring security and compliance for users.
Alec Lovett, head of infrastructure products at Coinbase, described the launch as a distribution milestone for USDC, highlighting Samsung’s broad device reach and its potential to drive everyday stablecoin use.
Solana Foundation president Lily Liu remarked that this feature brings digital dollars into daily life for millions of users. She noted that widespread adoption of stablecoins will make them a regular means for moving money, not just a cryptocurrency product.
FeatureDetailsAvailable Devices82 million US Galaxy smartphonesLaunch DateLast week of OctoberBlockchain InfrastructureSolana and SuiCustody ProviderCoinbase PrimeDestination Countries60+Fee by SamsungNo feePotential for Future ExpansionSamsung indicated that it intends to expand the availability of cross-border stablecoin transfers to additional markets in the future, depending on local regulatory conditions. The company views this as the next chapter in its focus on simplifying global transactions for Galaxy users.
HOME is opening up the home loan sector to non-U.S. investors for as little as 1 USDC. (Jakub Żerdzicki/Unsplash)Summary
NUVA’s HOME token gives eligible non-U.S. investors exposure to a managed pool of Figure-originated U.S. home-equity lines of credit for as little as 1 USDC.The ERC-20 token targets a 7% annual return, reset monthly, while offering withdrawals without a lockup and a first-loss buffer of about 5% of the vault’s value.HOME holders do not own individual loans, and they remain exposed to credit and liquidity risks despite borrower-quality standards, geographic limits and a 5% liquidity reserve.NUVA, the real-world asset marketplace created by Animoca Brands and Nuva Labs, introduced a token that provides foreign investors exposure to U.S. home-equity loans, starting at as little as 1 USDC.
The token, called HOME, gives holders exposure to a pooled investment vehicle that will initially hold home equity lines of credit (HELOCs) originated through Figure Technology Solutions. NUVA is targeting a 7% annual return from the loans, with the target resetting monthly. Interest income and loan performance are reflected in the vault’s net asset value, which in turn determines the token's price.
HELOCs are a way for homeowners to borrow against the equity they have in their property. The borrowers receive access to a line of credit for a defined period, typically at a variable rate of interest. The value of HELOCs in the U.S. climbed to $460 billion in the second quarter, according to Federal Reserve Economic Data.
HOME does not give holders ownership of individual loans, but exposure to the basket as a whole. The distinction matters because the token takes an asset class usually accessed through securitizations, private-credit funds or whole-loan purchases and puts a managed version of it into decentralized finance (DeFi).
“Traditional securitization was built primarily for institutional investors,” Nuva Labs CEO Anthony Moro said in an interview with CoinDesk. “For individual investors, those structures can be difficult to access.”
Breaking down barriersHOME is not the first tokenized private-credit product. Maple Finance built onchain lending pools for institutional borrowers, while Centrifuge has been used to bring credit and structured products onchain. Figure itself already tokenizes HELOCs on its Provenance blockchain. HOME differs in how it packages that exposure. Eligible non-U.S. users can enter a managed vault of Figure-originated home-equity loans with 1 USDC, rather than buy whole loans or invest through a conventional private-credit fund.
“HOME holders do not directly own the underlying loans,” said Moro, a former BNY Mellon executive of 22 years. “They hold HOME tokens that provide exposure to the assets held in the vault.”
NUVA has been working to connect Figure-originated assets to public blockchain ecosystems. HOME is a test of whether crypto users want that exposure in a tradable, composable token that conforms to Ethereum's ERC-20 standard rather than in a conventional fund.
Read more: Former BNY exec launches NUVA, bets tokenization will remake Wall Street
NUVA is betting that it can tap decentralized finance (DeFi) demand for yield without having to create demand for the loans themselves. Figure’s consumer-loan marketplace processed $4.3 billion in volume in the second quarter, including $2.8 billion through Figure Connect, where whole-loan buyers and securitization investors purchase loans.
“HOME is not trying to create demand for residential credit from scratch,” Moro said. “It is taking an asset class that already has substantial institutional demand and making that exposure available through a more accessible onchain structure.”
The underlying market is also expanding. U.S. HELOC balances rose by $13 billion in the second quarter, their 17th consecutive quarterly increase, according to the New York Fed.
For non-U.S. users onlyHOME will be available only to eligible non-U.S. users. The U.K., Hong Kong, China, British Virgin Islands and sanctioned jurisdictions are also excluded, Moro said. NUVA will enforce the restrictions through wallet screening and IP address blocking.
HOME’s first portfolio will target HELOCs with an average FICO score — a credit score created by Fair Isaac Corporation — of at least 735, a combined loan-to-value of no more than 69%, and a debt-to-income ratio of no more than 40%, Moro said. Exposure to California will be capped at 30%, with other states limited to 15%. Debt-service coverage and residential-transition loans could be added later.
The product offers no lockup, although withdrawals, which can be requested at any time, are expected to take about two U.S. business days. NUVA said a 5% liquidity sleeve will cover smaller redemptions. Larger withdrawals may require loans to be sold through Figure Connect or over the counter.
A separate first-loss equity allotment or segment, estimated to be roughly 5% of the vault’s value, is intended to absorb defaults or losses from forced sales before they reach HOME holders, NUVA’s CEO said. That structure provides a buffer, but does not eliminate the credit and liquidity risks associated with U.S. residential lending, Moro added.
Moro said the aim is to make loan-level data, including collateral, delinquency, borrower-credit and loan-to-value metrics, available onchain rather than confining investors to periodic fund reports.
12345678910The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Sep 15, 2026
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Samsung is turning its Galaxy Wallet into a cross-border payments tool, adding USDC transfers that will reach 82 million Galaxy devices in the United States beginning the last week of October 2026. The rollout pairs Samsung Wallet with the Solana network for settlement, with Coinbase holding the stablecoin in custody and Bastion supplying the regulated stablecoin infrastructure, according to the Solana Foundation’s announcement.
Eligible users will be able to send USDC to compatible crypto wallets abroad or to bank accounts in more than 60 countries, where recipients receive local currency without opening a crypto wallet. Samsung said it will not charge fees for transfers to compatible external wallets, though recipient wallets or exchanges may apply fees of their own.
How the Samsung USDC Remittance Works The feature is built directly into Samsung Wallet, the app Galaxy users already use for cards, boarding passes and IDs, rather than a separate crypto application. Users fund transfers through integrated fiat on- and off-ramps, and biometric authentication on a registered Galaxy device is required to send funds. Solana settles the transfers behind the scenes, while the Sui network also provides blockchain support and Coinbase custodies the USDC through Coinbase Prime Vault.
“Sending money abroad should feel as convenient as using the wallet already on your phone,” said Woncheol Chai, Samsung Electronics’ head of its digital-wallet team. “We’re bringing USDC transfers into Samsung Wallet so eligible Galaxy users can get started without installing another app or managing private keys themselves.”
Why This Matters for Stablecoin Adoption The integration hands Samsung a token distribution channel that crypto companies have struggled to build on their own. By embedding USDC into a payments app already installed on tens of millions of phones, the launch pushes stablecoins beyond speculative trading toward a remittance product in which the recipient receives fiat in a bank account without ever touching a crypto wallet. Samsung said in August that it planned to add stablecoin savings and payment features to hundreds of millions of Galaxy phones, and the U.S. deployment is its first large-scale rollout.
The foundation’s figures underline the momentum: stablecoin supply on Solana is up nearly 20% year over year, and the network has processed more than $5.25 trillion in stablecoin volume in 2026 alone. The integration also lands on a network where major enterprises such as PayPal and Western Union already run stablecoin activity, placing Samsung alongside established payments firms. The launch extends Solana’s push into payment and settlement infrastructure, following efforts such as the Solana DvP atomic settlement program, and adds to a broader run of stablecoin payment rails that includes USDC settlement reaching bank payment hubs through Circle and Volante.
What the Launch Could Change Analysts and industry executives frame the move as a path to mainstream stablecoin adoption. “Mass adoption was never going to come from people downloading crypto apps. It comes from the phone already in your pocket,” said Kevin Lehtiniitty, chief executive of Borderless.xyz, adding that he expects Apple and Google to follow. Solana Foundation president Lily Liu said stablecoins “have proven the technology works” but had lacked a route to the mainstream, a gap she said Samsung now closes.
The timing matters because cross-border remittance remains one of the few stablecoin use cases with clear, recurring demand. The International Monetary Fund’s 2026 annual report flagged low transaction costs as a driver of rapid expansion in cross-border stablecoin use, and the Samsung launch converts that demand into a consumer product available on the devices people already carry.
What Happens Next Samsung has not said when the feature will expand beyond the United States, and future availability will depend on local regulation. The company said it may later enable stablecoin payments online and through tap-to-pay transactions on eligible Galaxy phones. A deployment of this scale will also draw scrutiny from payments and banking regulators across the more than 60 recipient markets, and the open test is whether Samsung sustains fee-free USDC transfers once competing wallet and phone makers weigh their own stablecoin integrations.
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Solana Price fell 3.35% to $113.76 over the past 24 hours as weakness spread across the cryptocurrency market. The Samsung Wallet will launch international USDC transfers on Solana later this month to eligible American users.
The overall value of cryptocurrency markets fell 1.45% to a value of $2.8 trillion as institutional ETF purchases were reversing, further pressuring the market.
Bitcoin price fell to below $83,000, with XRP at less than $1.40 and Ethereum at $2,533.
Samsung Partners With Solana for Global USDC Transfers The Samsung Wallet application will introduce international transfers of USDC to eligible Galaxy users in the United States. Samsung collaborates with Solana to back the service, which is set to be introduced in the last week of October.
According to the announcement of the companies, the rollout is over 82 million compatible Galaxy devices. Samsung Wallet allows users to send money without having to download cryptocurrency apps.
🚨BREAKING BIG: @Samsung, the world’s largest smartphone maker, partners with @Solana to bring cross border $USDC transfers to Samsung Wallet on 82M Galaxy devices in the U.S., starting from the last week of October. https://t.co/aUVryO6bOX
— SolanaFloor (@SolanaFloor) October 8, 2026
The transfers will also be sent to the appropriate bank accounts in over 60 countries. Local currency can be received by recipients, and additional market development is contingent on regulatory demands.
Will Solana Price Hold $110 Support Level? The SOL crashed to $113 on October 8 after losing support at $115. The action followed a reversal of a withdrawal out of the $120 zone in which Solana price had been trading in early October.
The fall is after a recovery in September that saw SOL rise out of below $100 toward a high of about $124.
The relative strength index was at 25.63, which indicated weakness in the momentum. That puts the indicator in oversold territory, which traditionally starts below 30.
SOL/USDT 4-hour chart: TradingView The Chaikin Money Flow indicator recorded -0.21, which is a negative value, indicating selling pressure over the period measured.
The provided analysis shows that the closest support is the $112, and a strong four-hour close below this level is important. A pause like this would reinforce the bearish view and place $110 as a potential psychological downside target. Further weakness may prolong the trend towards the previous consolidation level at $108.
The first step in a recovery would be to regain $115 and retain that level as the Long-term SOL projection. That would put into focus the next upside target of $120 as the main resistance level.
Solana ETFs Record $4.8 Million in Outflows on October 7 According to SoSoValue, the Solana ETF market experienced net outflows of 4.8 million on October 7. The BSOL of Bitwise included all the withdrawals, whereas the other listed funds had no net flows.
SOL ETF The total net assets were at 1.85 billion, which is equivalent to 2.71 of Solana market capitalization. The total amount of trading was $84.65 million, and net inflows since inception were 1.59 billion. BSOL was the largest listed fund with a value of 1.29 billion.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Circle says more than $14 trillion has moved through stablecoins over the past year, a growth rate of 151%. The company’s own USDC numbers are the main driver of that figure.
The numbers behind the headline figure Circle Internet Group, the issuer of USDC, released its second-quarter 2026 earnings in early August. The disclosure put USDC on-chain transaction volume at $14.8 trillion, up 151% year over year.
Daily on-chain volume averaged $163 billion.
Supply grew too, though more slowly. As of June 30, 2026, USDC in circulation stood at $73.3 billion, up 19% from a year earlier.
USDC is estimated to have processed around $32 trillion in adjusted transfers through August, which suggests it holds a dominant share of stablecoin transfer volume in 2026.
Where the money actually comes from Total revenue and reserve income for the quarter came to $701.3 million, up 7% year over year. Net income was $48 million, and adjusted EBITDA reached $143 million, an 8% increase.
About 95% of revenue, roughly $667.7 million, was interest income on the reserves backing USDC. Those reserves sit mostly in US Treasuries and cash equivalents.
Transaction revenue was only about $5.3 million.
Circle’s results noted that average circulation helped reserve income grow even though yields were lower, at roughly 3.5%.
The payments network is the one to watch The Circle Payments Network reached an annualized volume of $14.7 billion across 175 institutions. That figure grew 76% quarter over quarter.
How Circle got here Circle was founded in 2013 to provide infrastructure for moving dollars on-chain. USDC, its fiat-backed stablecoin, became a core tool in decentralized finance (DeFi) and in institutional payments.
Regulatory progress has helped. Circle has received approvals tied to Circle National Trust and New York Trust, which strengthens its standing with traditional financial players who need clear rules before getting involved.
What this means for USDC and the stablecoin market With roughly 95% of revenue coming from reserve income, Circle’s earnings are closely tied to interest rates. Lower yields of about 3.5% have so far been offset by a larger float.
$14.8 trillion in quarterly volume shows real demand for on-chain dollars, but Circle earns little directly from that activity, with transaction revenue of only $5.3 million against $667.7 million in reserve income.
The Circle Payments Network, with its 76% quarterly growth and 175 participating institutions, is the clearest test of whether volume can become something other than interest.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Starting the last week of October, eligible American users will be able to send USDC from Samsung Wallet. The manufacturer targets 82 million compatible Galaxy devices, with no fees to external wallets, with regulated partners in charge of the funds. Stablecoins reach a mass distribution milestone.
In brief Starting the last week of October, eligible American users will be able to send USDC from Samsung Wallet, on 82 million compatible Galaxy devices. Samsung charges no fees to crypto wallets; recipients without wallets can be paid to bank accounts in over 60 countries, in local currency. Bastion ensures custody with Coinbase as sub-custodian, and Solana and Sui provide blockchain infrastructure. From demonstration to launch Samsung had already presented this feature in July during Galaxy Unpacked. The manufacturer had then shown a USDC transfer in Samsung Wallet, but without revealing a precise timeline or the partners involved. Three months later, the project thus enters its concrete phase.
Initially, Samsung mostly targets international transfers. From the app, a user will be able to send USDC to a crypto wallet abroad, with no fees from Samsung. They will also be able to send funds to a person without a wallet and credit their bank account in more than 60 countries, in local currency.
Any fees applied by partners or banks will appear before confirmation. Likewise, the receipt time will depend on the state of the network.
“Sending money abroad should be as convenient as using the wallet already on your phone,” explains Woncheol Chai, Executive Vice President in charge of the Wallet team at Samsung.
Coinbase at the heart of custody To manage the funds, Samsung relies on specialized entities. Bastion will provide custody of USDC and Coinbase will act as sub-custodian. The funds will notably pass through Coinbase Prime Vault.
Samsung specifies it will not hold users’ funds. The company thus leaves account management, custody, and financial flows to its partners. Additionally, each transfer will require biometric authentication on a registered device.
This collaboration extends the connection between Samsung and Coinbase. In 2025, Samsung Pay had already integrated with the Coinbase app. Now, the two groups want to go further with stablecoin payments, both online and in stores.
Solana and Sui complete the setup However, Samsung does not bet on a single blockchain. The Solana Foundation announced that Samsung Wallet and Samsung Pay will support stablecoins circulating on its blockchain, with conversion solutions between local currencies and USDC.
On its side, the Sui Foundation confirmed that Samsung Wallet had chosen it as infrastructure partner for USDC.
Competition is also progressing. Cash App, Block’s application, opened USDC to about 60 million users in May. Binance, for its part, gave Circle’s stablecoin a new weapon in payments.
Finally, Samsung plans to expand the service to other markets, depending on local regulations. At launch, access will, however, remain limited to adult American residents with a Samsung account, a Galaxy device running Android 13 minimum, and a verified identity.
The real test will therefore begin at the end of October: Samsung will now have to turn its 82 million compatible devices into active users of USDC.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
At 13:00 UTC on October 8, 2026, Securitize announced the launch of 12 security entitlements to U.S. stocks on Solana. Trading is live on the company’s registered broker-dealer platform, with settlement in $USDC and access subject to onboarding, identity checks, jurisdiction and securities law.
The initial set covers Apple, Microsoft, Nvidia, Alphabet, Tesla, Meta, Amazon, Netflix, Circle, SpaceX, Strategy and Palantir. Securitize says each token is backed one for one by an underlying share. The product is available to eligible investors in the United States, the European Union and other permitted jurisdictions.
What investors hold Securitize Stocks use a convertible entitlement token structure rather than a synthetic price tracker. Each token represents a security entitlement under UCC Article 8. Securitize says the structure preserves applicable economic benefits, including dividends and voting rights when the underlying share class carries them.
That structure still differs from direct registration as a shareholder. The product disclosure says holders are not registered shareholders of the underlying issuer unless they convert. It also says the companies behind the underlying securities have not sponsored or endorsed the tokens.
Securitize describes the conversion path as a bridge to issuer-sponsored tokenization. Where conversion is available, an investor can exchange the entitlement for actual shares recorded on the issuer’s register through Securitize’s transfer-agent partnerships. Availability therefore depends on the particular stock and the supporting infrastructure.
The backing shares sit in segregated accounts. Securitize says those shares will not be lent. Its product page states that dividends pass through net of applicable withholding, while eligible holders receive a voice in shareholder votes. These provisions matter because they distinguish the instrument from a token that only follows a stock’s price.
Securitize Markets, the entity offering the stocks, is registered with the Securities and Exchange Commission as a broker-dealer and is a member of FINRA and SIPC. The disclosure also says the entitlements are offered only to eligible investors in permitted jurisdictions after onboarding and identity verification. Broker-dealer registration governs the intermediary. It does not turn the token into an unrestricted bearer asset or remove investment risk.
The issuer warns that $USDC is not legal tender or a bank deposit. It also says $USDC does not receive FDIC or SIPC protection. Investors therefore face two distinct layers: the security entitlement and the settlement asset used to buy it. The token’s shareholder benefits do not extend securities-account protections to the stablecoin balance used for settlement.
The platform requires a verified Securitize account and an approved Solana wallet. Investors buy with $USDC and can hold the tokens in their own approved wallet. Trading starts beyond standard U.S. market hours. The product page currently describes the schedule as 24/5, with 24/7 trading planned rather than available at launch.
Securitize specifically warns that extended-hours sessions can have greater price volatility, lower liquidity, wider bid and ask spreads, and less market visibility. Those conditions matter when an on-chain venue trades while the primary market for the underlying stock is closed. A continuous token market still needs a reliable reference price and enough inventory for the market maker to quote around that reference.
How trading works At launch, Securitize Stocks trade through the existing Solana PropAMM operated with Jump Trading. Jump is the market maker, supporting liquidity, price discovery and execution. Access remains permissioned through Securitize’s broker-dealer controls even though the assets settle on a public blockchain.
The distinction is practical for DeFi users. A token can sit in a self-custodied wallet, but the holder still needs an approved wallet and must remain eligible under the platform’s rules. A wallet address alone is therefore insufficient for access, and self-custody does not remove the broker’s onboarding or jurisdiction checks. Transfers and trading do not have the permissionless reach of ordinary Solana tokens. The stock entitlement adds an off-chain claim, broker-dealer oversight and transfer restrictions to the on-chain asset.
Securitize says the tokens are intended to support lending and collateral markets over time, including supported markets such as Aave. No such integration was announced as live. For lending protocols, listing one of these assets would require more than accepting a Solana token account. Operators would need to account for eligibility, transfer controls, corporate actions, market hours, price feeds and the legal status of the entitlement.
Ripple Prime plans to support the launch and explore using the assets in its institutional trading system. Securitize also expects the same stocks to become eligible for trading on the planned OKXICE Tokenized Securities Venue. That venue is intended to combine OKX technology with Intercontinental Exchange’s regulatory and institutional infrastructure.
What comes next A separate route may come through the New York Stock Exchange. Securitize says its stocks are expected to trade on a new 24/7 digital venue under development by NYSE. That connection is subject to the venue launching and to regulatory and operational requirements, so it is not part of the current product.
The launch puts the immediate user proposition in clear terms: approved investors can buy tokenized U.S. equities with $USDC, receive specified shareholder benefits and withdraw the assets to an approved Solana wallet. The limits are equally clear. Eligibility checks remain, extended-hours risks remain, and direct share ownership requires a conversion that is only available where supported.
The next milestone is the move from extended-hours trading to 24/7 availability. Securitize has not given a date for that change, the NYSE venue or the OKXICE venue. Until those venues launch, trading depends on Securitize’s broker-dealer platform and its Solana liquidity arrangement with Jump.
Solana’s stablecoin ecosystem has gained a new consumer distribution channel through Samsung Wallet. Starting in late October, Galaxy users in the United States can send USD Coin [USDC] cross-border directly from their existing wallets.
This removes one major barrier to adoption since users no longer need separate crypto applications for making stablecoin transfers.
Moreover, with this rollout reaching 82 million Galaxy devices in the United States, Solana [SOL] has access to a mainstream audience of users that it did not previously reach.
Regarding this partnership, Bastion will be the custodian providing compliance and cross-border remittance functionality.
In an email to AMBCrypto, Bastion CEO Nassim Eddequiouaq stated, Samsung’s rollout brings stablecoins to millions of U.S. users without exposing them to the underlying custody, compliance, and payment infrastructure.
He further stated that Bastion handles this complexity to keep the experience simple and secure.
Source: X If users adopt the feature for regular remittances, this could expand usage of stablecoins. Solana’s stablecoin supply climbed to a record of more than $17 billion, reflecting strong growth in on-chain liquidity as the network continued to expand its settlement activity.
Samsung’s integration may help turn activity into wider consumer adoption.
Coinbase expands USDC access Building on Solana’s access to over 82 million Galaxy mobile phones, Coinbase is now adding another layer of support for the USDC rollout. By mid-October, USDC will be the first stablecoin that Coinbase has chosen to allow into Samsung Wallet.
The partnership is expanding beyond Solana’s existing access to its network by providing a much larger payment structure. Furthermore, Coinbase will handle the custodial requirements for USDC using Coinbase Prime.
The regulatory custodial framework will also be managed by Bastion.
Source: X Users will be able to move USDC to external wallets or directly to bank accounts across more than 60 different countries. Meanwhile, Solana provides settlement with fees near $0.0005, with each transaction taking less than 12–13 seconds for finality.
Coinbase is therefore increasing the integration of USDC with daily payments.
Samsung’s USDC rollout faces adoption test Samsung’s 82 million-device reach could give USDC a direct path into everyday payments, but distribution alone cannot create demand. However, having access to so many devices does not automatically generate interest.
Therefore, there is no guarantee of success as it relates to increasing demand for USDC.
However, actual usage will depend on whether Galaxy owners repeatedly send USDC after launch. Notably, Solana provides a solid community of users who currently engage in transferring over $280 billion worth of assets every month, with USDC supply near $7 billion.
Source: DeFiLlama That activity shows the network can handle large payment flows, but Samsung must add new demand. Therefore, rising wallet transfers would signal that stablecoins are moving beyond trading into payments.
Higher repeat usage and merchant adoption would further strengthen Solana’s role in mainstream cross-border settlement.
Final Summary Solana gains a major consumer channel as Samsung Wallet brings USDC transfers to 82 million U.S. Galaxy devices. SOL needs rising repeat transfers and payment activity to turn Samsung’s reach into lasting stablecoin adoption.
Samsung says eligible users will be able to send USDC to crypto wallets and to bank accounts in more than 60 countries, with Bastion and Coinbase handling custody and Solana and Sui as network partners.
Samsung Wallet brings USDC transfers to 82 million US Galaxy devices in late October
Posted October 8, 2026 at 6:47 am ET.
Samsung announced Oct. 7 that eligible Galaxy users in the US will be able to send USDC from Samsung Wallet starting in the last week of October. The feature will be available across 82 million compatible US Galaxy devices at launch, Samsung said, and USDC will be the first stablecoin the wallet supports.
Samsung said it charges no fee for USDC sent to external crypto wallets abroad, though the receiving wallet or exchange may add its own. Delivery speed varies with network conditions. Recipients without a crypto wallet can be paid through bank accounts in more than 60 countries, in local currency, Samsung said. Samsung said fees on bank transfers vary by destination and amount and appear in the app before a sender confirms.
“Sending money abroad should feel as convenient as using the wallet already on your phone,” said Woncheol Chai, an executive vice president who leads Samsung’s digital wallet team, in the release.
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Custody and Network Partners Samsung said cross-border transfers will run on Bastion, a stablecoin custodian that holds a license and falls under US regulatory oversight. Bastion has named Coinbase its sub-custodian, so all USDC in the wallet will be held through Coinbase Prime Vault. Samsung said it holds no customer funds, and that the accounts, custody and money movement come from regulated partners rather than Samsung itself. Transfers require biometric authentication on a registered device.
Samsung said blockchain network support will come from separate partners, including Solana and Sui. The Solana Foundation said both Samsung Wallet and Samsung Pay will carry stablecoins that run on Solana, while the Sui Foundation said Samsung Wallet selected Sui as its blockchain infrastructure partner for USDC. Lily Liu, president of the Solana Foundation, said in that release that Samsung’s decision “puts digital dollars into everyday life through one of the world’s most trusted technology brands.”
Who Can Use It Samsung said the service is limited to eligible US residents 18 or older who hold a Samsung Account and use a Galaxy device on Android 13 or newer. Users must also register, verify their identity and set up biometrics.
Samsung called the launch the next chapter of its work with Coinbase. In 2025, Samsung Pay began rolling out as a payment option in the Coinbase app. Samsung said future capabilities may include paying with stablecoins online or by tapping a device in stores, followed by potential expansion into additional markets.
Block’s Cash App began rolling out USDC support to its nearly 60 million users in May.
Related Listen: THORChain Says It Can’t Block North Korean Laundering. Is That True?
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Circle has partnered with Tereina, a financial services firm backed by SAP, to integrate USDC and EURC stablecoins into SAP’s enterprise payment software ecosystem. The integration will kick off with SAP Cloud ERP and be made available to eligible enterprise customers via SAP Pay. The collaboration aims to enable businesses to send and receive stablecoins within their existing SAP business applications and payment workflows without switching to a separate crypto asset system. USDC will be primarily used for USD-denominated payment scenarios, while EURC is intended for euro-denominated operations. Circle and Tereina plan to launch a customer validation project in the coming months, testing stablecoin payment functions for use cases including global payments and corporate treasury management.
Coinbase announced that starting from the last week of October 2026, it will designate USDC as the default USD stablecoin for Samsung Wallet users in the U.S., further expanding its partnership with Samsung. At that time, when users top up their stablecoin balances in Samsung Wallet, USDC will automatically appear as the default option. Coinbase stated that the relevant assets will be custodied via Coinbase Prime, using qualified custodial services compliant with the New York State Department of Financial Services (NYDFS). The collaboration will also involve Bastion, a U.S.-based stablecoin infrastructure provider. Coinbase added that this move will further expand USDC’s use cases in consumer-facing digital wallets.
PANews, October 8 – According to official sources, DeAgentAI's $AIA will list on Bithumb's KRW market with a new AIA/KRW trading pair, with trading expected to open at 14:00 on October 8 (Korea time, 13:00 Beijing time). At the same time, DeAgentAI is launching a principal-protected $AIA staking program, where participants stake with USDC and receive the full equivalent USDC back upon maturity according to the rules, while additionally earning AIA rewards of up to 50% of the actual staked amount during the period.
The staking program offers three pools – Ultra, Boost, and Fast – with total AIA rewards over a 12-month cycle of 50%, 40%, and 35% of the actual staked amount, respectively. The first rewards are distributed uniformly in the 3rd, 2nd, and 1st month after the end of the respective fundraising period, and are then automatically distributed monthly thereafter, allowing participants to choose between higher rewards and earlier payouts.
The currently available staking quota is 500,000 USDC, with a minimum of 350 USDC per transaction, offered on a limited, first-come-first-served basis until the quota is filled. Participation must be completed through the official page, using USDC on BNB Chain to purchase and stake AIA; the AIA originally purchased and staked will not be separately returned upon maturity.
Samsung Electronics has announced plans to introduce USDC stablecoin transfers through Samsung Wallet in late October, allowing eligible Galaxy users in the United States to send money to crypto wallets and bank accounts overseas.
Summary
Samsung Wallet will introduce USDC transfers in late October, with the service available across 82 million US Galaxy devices. Eligible users will be able to send USDC to compatible crypto wallets without Samsung transfer fees and to qualifying bank accounts in more than 60 countries. Coinbase Prime will custody the USDC through Bastion, while Solana and Sui will provide blockchain infrastructure support. Samsung is considering future stablecoin payments at online and physical stores, with international expansion subject to local regulations. According to the company’s Oct. 7 announcement, the service will become available during the last week of October across 82 million U.S. Galaxy devices, with support for international bank transfers to more than 60 countries.
Eligible users will be able to send USDC to compatible crypto wallets without paying a transfer fee to Samsung. Bank account recipients can receive funds in their local currency without needing to hold cryptocurrency or install a wallet.
Samsung is working with Bastion and Coinbase to operate the service, while Solana and Sui are among the blockchain infrastructure partners supporting the rollout.
Samsung Wallet will support USDC transfers to over 60 countries Under the new service, eligible Galaxy owners can access stablecoin transfers directly through Samsung Wallet without installing a separate cryptocurrency application.
Samsung said the integration removes the need for users to manage private keys themselves. USDC will be the first supported stablecoin and will appear as the default dollar stablecoin when users select the Buy Stablecoin option.
For transfers to compatible crypto wallets, the company expects transactions to be completed in seconds without charging users transfer fees. Recipient wallets and exchanges may impose separate charges, while processing times can depend on network conditions.
International transfers to eligible bank accounts will follow a different process. Recipients in more than 60 supported countries can receive local currency directly into their accounts, although applicable fees may vary by destination.
The service will include fiat on-ramps and off-ramps, allowing eligible users to move between conventional money and USDC through the supported payment infrastructure.
“Sending money abroad should feel as convenient as using the wallet already on your phone,” said Woncheol Chai, executive vice president and head of Samsung’s Digital Wallet Team.
Chai said the company wanted Galaxy users to access USDC transfers without installing another application or handling private keys.
Samsung has not published a complete list of supported destination countries or detailed fees for the bank transfer service in the supplied announcement.
Coinbase Prime and Bastion will handle USDC custody For the custody arrangement, Samsung has selected Bastion to provide the cross-border payment framework, with Coinbase serving as its official sub-custodian.
Bastion is a licensed stablecoin infrastructure and custody provider overseen by U.S. financial regulators. USDC held through the new Samsung Wallet service will be safeguarded using Coinbase Prime Vault.
Transactions will require biometric authentication on registered Galaxy devices, adding a security check before users can initiate transfers.
Samsung Next was previously among the investors in Bastion. In September 2025, Coinbase Ventures led a $14.6 million funding round that included Samsung Next, Sony Innovation Fund, a16z crypto and Hashed. The investment brought Bastion’s total funding to more than $40 million.
Alongside the custody arrangements, Samsung has named Solana and Sui among the technical partners supporting blockchain infrastructure for the service.
Lily Liu, president of the Solana Foundation, described the Samsung integration as a step toward making stablecoins available for everyday money transfers.
“This level of adoption is what we built Solana for,” Liu said, adding that stablecoins were becoming a way for people to move money beyond traditional cryptocurrency applications.
Coinbase’s head of infrastructure products, Alec Lovett, described Samsung’s global reach as a significant distribution milestone for USDC.
Samsung and Coinbase expand their existing partnership Samsung’s latest announcement follows an earlier partnership with Coinbase that brought cryptocurrency services into the Galaxy ecosystem.
In October 2025, crypto.news reported that Samsung Wallet had integrated Coinbase services for approximately 75 million U.S. Galaxy users.
Eligible customers gained access to cryptocurrency trading and staking through Samsung Wallet, along with promotional Coinbase One subscription benefits.
Samsung Pay had previously become a payment option within the Coinbase application, allowing eligible users to fund their exchange accounts through the mobile payment service.
Plans for native stablecoin support were subsequently announced during Samsung’s Galaxy Unpacked event in July 2026, although the company had not identified its supported stablecoins, launch schedule or infrastructure partners at the time.
Samsung has pursued separate developments involving cryptocurrency wallet technology.
On Oct. 6, the company was reported to have filed a U.S. patent application describing a digital asset wallet system that uses smart contracts to authorize transactions without requiring individual devices to directly handle private keys.
The proposed technology would allow smartphones, computers, wearables and home appliances to participate in managing a shared digital asset wallet. Samsung has not confirmed whether the patented system will be incorporated into any commercial product.
Samsung plans stablecoin payments and international expansion Beyond transfers, Samsung is considering support for stablecoin payments at online merchants and physical stores.
Under the proposed functionality, eligible Galaxy users could eventually make purchases by tapping their devices at participating retail locations.
The company has not provided a launch date for these payment features, which remain under consideration.
Future geographic expansion will depend on regulatory requirements in individual markets, with the initial stablecoin service limited to eligible U.S. Galaxy users.
Samsung said the October rollout follows the establishment of a U.S. regulatory framework for stablecoins. The company has not announced plans to introduce its own stablecoin through Samsung Wallet.
USDC will remain the initial supported asset, while further details about eligible devices, supported destinations and additional service capabilities are expected to be provided as the launch approaches.
Coinbase and tech giant Samsung have officially partnered to bring USD Coin (USDC) directly to Samsung Wallet. The move will give more than 82 million Galaxy users in the U.S. access to USDC.
The rollout will begin in the last week of October 2026, making USDC the first stablecoin natively supported in the wallet.
USDC Comes Directly to Samsung WalletOn 8 October 2026, Coinbase announced the new partnership as the next step in its growing relationship with Samsung.
The companies previously added Samsung Pay as a payment option on Coinbase. They later expanded their partnership by offering Coinbase One benefits to more than 82 million Galaxy users in the U.S. through Samsung Wallet.
Now, Coinbase will power the stablecoin experience inside Samsung Wallet, with USDC becoming the default dollar stablecoin when users add money to their stablecoin balance.
With this integration, Coinbase aims to reach more than 82 million Galaxy users in the U.S.
Your Samsung Wallet is getting an upgrade.
USDC will be added to Samsung Wallet as the first supported stablecoin – powered by Coinbase.
Available soon in the US. pic.twitter.com/9LwptbUuuR
— Coinbase 🛡️ (@coinbase) October 8, 2026 Coinbase Will Handle USDC CustodyThe partnership also brings Coinbase’s custody system into the wallet. Coinbase will hold the USDC stored in Samsung Wallet through Coinbase Prime, using its NYDFS-qualified custody services.
The custody system also works with Bastion, a licensed stablecoin custodian and infrastructure provider regulated by U.S. financial authorities.
USDC is designed to maintain a 1:1 value with the U.S. dollar and is backed by cash and short-term U.S. Treasuries.
Coinbase said USDC circulation grew 72% in 2025 to more than $75 billion, while wallets holding USDC rose 59% to nearly 7 million.
Samsung Wallet Adds USDC PaymentsThe integration will turn Samsung Wallet into a USDC payment tool. Users can send USDC to contacts directly from their phones without entering long wallet addresses.
They can also tap to pay with USDC at stores, while Coinbase converts the USDC into the merchant’s local currency during the payment.
Coinbase CEO Brian Armstrong said, “We’re working with Samsung to bring USDC to Samsung Wallet, powered by Coinbase.”
The rollout will begin in the U.S. during the last week of October 2026.
Story Ends Here
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Sui announced in a post that it has launched Circle CCTP V2, enabling native USDC transfers between Sui and 29 other supported blockchains. Minting rights are held by Circle, and the USDC supply on Sui is directly sourced from the issuer.
8 October 2026 | 10:49 Samsung will add USDC transfers to Wallet for eligible U.S. Galaxy users in the last week of October.
Samsung first previewed stablecoin tools in Wallet in July, but the earlier plan left the supported network, custody setup and launch timetable open. Samsung’s stablecoin Wallet roadmap now has those commercial details: USDC will arrive first, with Bastion and Coinbase providing the account and custody layer.
Key Takeaways Samsung Wallet will launch USDC transfers in the last week of October. Eligible U.S. users can send money to supported wallets and bank accounts abroad. Bastion and Coinbase will handle the account and custody services behind the feature. Samsung’s 82 million figure measures compatible U.S. Galaxy devices. USDC transfers are coming to Galaxy Wallet Samsung announced on October 7 that its stablecoin feature will begin rolling out during the last week of October. USDC, a dollar-linked stablecoin, will be the first asset supported through the service.
Eligible users will be able to send USDC to compatible crypto wallets internationally or to qualifying bank accounts in more than 60 countries. Bank recipients can receive local currency, allowing a transfer to reach someone who does not use a crypto wallet.
The company is aiming at the remittance market rather than experienced crypto traders. Samsung’s digital-wallet chief Woncheol Chai said, “Sending money abroad should feel as convenient as using the wallet already on your phone.” The feature is designed to remove several steps that usually come with stablecoin transfers, including downloading a dedicated wallet application and handling private keys.
Samsung Wallet is the front end for a multi-company service The transfer begins in Samsung Wallet, yet the account, custody and money-movement services will be provided by partner companies. Samsung says it is not itself acting as a bank, money transmitter or digital-asset custodian.
Participant Role in the service Samsung Wallet Provides the app, device access and biometric confirmation. Bastion Provides the stablecoin account, custody and money-movement services. Coinbase Prime Vault Acts as Bastion’s sub-custodian for USDC held through the service. Solana and Sui Named by Samsung as blockchain-infrastructure partners for the service. Recipient wallet or bank Receives USDC or a local-currency payout. Users gain a transfer route without needing to manage a private key themselves. Bastion and Coinbase handle the account and custody side, while Samsung Wallet gives the sender a familiar interface for starting and approving the payment.
Solana supports the rollout, while Samsung controls the user experience The Solana Foundation said the rollout will support USDC transfers on Solana for Galaxy users in the United States. Samsung separately names Solana and Sui among the partners providing network infrastructure, while the app keeps those technical choices largely out of the sender’s view.
Samsung estimates that 82 million U.S. Galaxy devices are compatible with Samsung Wallet. Access still depends on residency, identity-verification and device requirements, so the figure measures the potential device reach of the feature rather than the number of people who will use it.
Eligibility, recipient access and fees still matter Before users can send anything, Samsung requires more than a compatible phone. The launch is limited to U.S. residents aged 18 or older who have a Samsung Account, complete identity verification and set up biometric authentication on a compatible Galaxy device running Android 13 or later.
What users need to check before a transfer
Whether the recipient wallet or exchange supports USDC on the selected network. Whether the recipient platform charges a fee. The destination-specific cost and estimated delivery time for bank payouts. Whether the recipient bank account qualifies for the local-currency route. Samsung says it will not charge a fee for USDC transfers to external wallets, although recipient wallets and exchanges can charge their own fees. Bank-account transfers may also carry destination-based costs, which Samsung says will appear in the app alongside an estimated delivery time before the sender confirms.
For remittance users, the deciding questions will be simpler: how much arrives, how quickly it arrives and whether the recipient’s bank or wallet accepts it. Samsung’s service will compete with existing money-transfer products on those points, not on the size of its device base.
The first version focuses on sending money abroad Samsung has brought a regulated USDC transfer route into Galaxy Wallet while leaving custody, compliance and settlement to specialist partners. The company has also pointed to possible future online and in-store stablecoin payments, but the October release is focused on cross-border transfers.
Its success will depend on whether eligible users find the service cheaper and easier than the remittance tools already available on their phones.
This article is for informational purposes only and does not constitute financial or investment advice. Availability, recipient eligibility, fees and delivery times may vary by user, destination and partner terms.
Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
Samsung plans to introduce USDC transfers to the Samsung Wallet payment app for eligible US Galaxy users in the last week of October.
The company announced that the feature will let users send USDC to compatible crypto wallets internationally and transfer money to eligible bank accounts in more than 60 countries, where recipients can receive funds in their local currency.
Samsung said the feature will be available on 82 million compatible Galaxy devices in the US, but users must complete identity verification to access the service. Samsung said it will charge no fees for transfers to external crypto wallets, while international bank transfers will incur fees.
Bastion will provide stablecoin account and payment infrastructure, with Coinbase serving as a sub-custodian through Coinbase Prime Vault.
Samsung also named Solana and Sui as technical partners.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Samsung plans to introduce USDC transfers to the Samsung Wallet payment app for eligible US Galaxy users in the last week of October.
The company announced that the feature will let users send USDC to compatible crypto wallets internationally and transfer money to eligible bank accounts in more than 60 countries, where recipients can receive funds in their local currency.
Samsung said the feature will be available on 82 million compatible Galaxy devices in the US, but users must complete identity verification to access the service. Samsung said it will charge no fees for transfers to external crypto wallets, while international bank transfers will incur fees.
Bastion will provide stablecoin account and payment infrastructure, with Coinbase serving as a sub-custodian through Coinbase Prime Vault.
Samsung also named Solana and Sui as technical partners.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Samsung could become crypto's pathway to mainstream adoption, according to analysts. Samsung/Press)Summary
Starting in the last week of October, eligible U.S. Galaxy users will be able to send USDC through Samsung Wallet to compatible crypto wallets abroad or eligible bank accounts in more than 60 countries.The service, available on 82 million Galaxy devices, will use Coinbase for custody, Bastion for stablecoin infrastructure and Solana and Sui for blockchain support.Samsung will not charge for transfers to compatible external wallets, and recipients may receive local currency without opening a crypto wallet, though third-party fees may apply.Samsung is turning its wallet app into a cross-border payments tool by allowing eligible users to remit USDC to other wallets and bank accounts starting in the last week of October.
“Sending money abroad should feel as convenient as using the wallet already on your phone,” Woncheol Chai, Samsung Electronics’ head of its digital-wallet team, said. “We’re bringing USDC transfers into Samsung Wallet so eligible Galaxy users can get started without installing another app or managing private keys themselves.”
The feature will be available on 82 million Galaxy devices across the United States and will be fully compatible with the Samsung Wallet, which is already used for cards, IDs and boarding passes, Solana said in a statement announcing its partnership with Samsung on Wednesday.
To power the initiative, Solana and Sui will provide the underlying blockchain network support. Coinbase will custody the stablecoin through Coinbase Prime Vault, while Bastion will provide the regulated stablecoin infrastructure.
Through this integration, users will be able to send Circle’s stablecoin, USDC, the world’s second-largest dollar-pegged token preferred by institutions for its strong regulatory backing. Use of stablecoins in cross-border transactions has expanded robustly this year due to low transaction costs, according to the IMF's annual report.
Galaxy users can seamlessly send USDC to compatible crypto wallets abroad or directly to eligible bank accounts in more than 60 countries, with recipients receiving the funds in local currency. Samsung will not charge any fees for USDC transfers to compatible external wallets, although recipient wallets or exchanges may charge a fee of their own.
For users, the product strips out much of the crypto setup normally required to send stablecoins. Samsung said customers will fund transfers through integrated on- and off-ramps, and biometric authentication on a registered Galaxy device will be required to send funds.
The rollout turns Samsung’s broader stablecoin ambitions into a consumer product. Samsung said in August it planned to add stablecoin savings and payment features to hundreds of millions of Galaxy phones, a move that analysts told CoinDesk could make the company a major distributor of digital dollars. The U.S. launch is its first large-scale deployment.
The integration gives Samsung a token distribution channel that crypto companies have historically struggled to build on their own. By embedding the tech into a familiar payments app installed on tens of millions of phones, it pushes stablecoins beyond speculative trading toward a simple remittance product where the recipient can receive fiat in a bank account without ever opening a crypto wallet.
Industry leaders recognize this framework as a path to mainstream adoption of stablecoins in cross-border payments.
"Stablecoins have the potential to make moving money around the world faster and easier, and we want Galaxy users to be able to take advantage of that without having to navigate the complexity of traditional crypto tools,” said Lily Liu, president of the Solana Foundation.
Liu said stablecoins have proven that blockchain is a highly efficient way to move money quickly and cheaply around the world. However, she added that stablecoins were missing a path to mainstream adoption, which is no longer an issue with Samsung’s partnership.
Borderless echoed that sentiment in a statement to CoinDesk.
"Mass adoption was never going to come from people downloading crypto apps. It comes from the phone already in your pocket. I expect Apple and Google to follow, and when they do, sending money abroad will feel as easy as sending a text," Kevin Lehtiniitty, CEO of Borderless.xyz said via LinkedIn.
Samsung has not yet said when the feature will expand beyond the U.S. Future availability will depend on local regulation. The company said it may later enable stablecoin payments online and through tap-to-pay transactions on eligible Galaxy phones.
12345678910The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Sep 15, 2026
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
PANews, October 8 — According to official sources, the DeAgentAI token $AIA has been listed on the Korean exchange Bithumb's KRW market, opening the AIA/KRW trading pair; its principal-protected staking plan has also officially opened. Users participate with USDC, and at maturity the platform returns the equivalent USDC in full according to the product terms, while additionally earning rewards of up to 50% of the actual staked AIA amount during the period. This is another key step in DeAgentAI's AIA value flywheel following the launch of products such as the AI Token Smart Router.
Three pools to choose from, with rewards arriving as early as the following month: The plan offers three staking pools — Ultra, Boost, and Fast — with total AIA rewards over a 12-month cycle of 50%, 40%, and 35% of the amount actually purchased and staked, respectively. The first rewards for the three pools are distributed uniformly in the 3rd, 2nd, and 1st month after the fundraising period ends, respectively, and are then automatically distributed monthly thereafter, allowing users to choose between higher rewards and earlier payouts. Settlement is unified after each fundraising period ends, and the reward distribution date and USDC principal refund date are the same for the same period and the same pool, subject to the schedule published on the page. The USDC amount refunded at maturity does not change with the AIA price, and the originally purchased and staked AIA is not returned.
The first phase opens with 500,000 USDC, available until filled: Users use USDC on BNB Chain to purchase AIA through the official page and complete staking in the same transaction. The first phase opens with a quota of 500,000 USDC, with a minimum participation amount of 350 USDC per transaction, available until filled. For participation methods and complete rules, please refer to the official staking page.
Samsung Electronics has announced the integration of Solana-based stablecoin payments into 82 million Galaxy smartphones across the United States, expanding its digital asset ecosystem and payment features.
Solana partnership enables cross-border stablecoin paymentsThe Solana Foundation stated that Samsung has partnered with the organization to introduce cross-border payments through Samsung Wallet, utilizing the stablecoin USDC. The new feature will become available to users in the last week of October 2026 and will not require the installation of separate cryptocurrency applications to send or receive digital dollars internationally.
Transactions will use the Solana blockchain infrastructure in the background, while the app itself will provide fiat on- and off-ramps for users to exchange between stablecoins and local currencies efficiently. Samsung says eligible users will be able to send USDC directly to compatible crypto wallets without incurring transfer fees from Samsung. An option to send funds to eligible bank accounts in more than 60 countries is also being offered, though these transactions will be subject to transfer fees.
Samsung’s move to integrate Solana USDC payments into its Galaxy devices streamlines international transactions, offering seamless access to digital dollars for millions of users in the US.
This rollout will initially cover 82 million Galaxy devices that are compatible with Samsung Wallet in the United States, with eligibility criteria and ID verification steps required for access.
Mini dictionary: Solana Foundation, a nonprofit organization that develops and supports the Solana blockchain, a high-performance blockchain designed for fast and low-cost transactions.
New collaborations and rapid stablecoin growthSamsung is also collaborating with Coinbase, a leading US-based cryptocurrency exchange, and Bastion, a payment infrastructure company, to bolster its stablecoin custody and payment capabilities. For this initiative, USDC reserves will be held in Coinbase Prime, while Samsung is integrating the Sui blockchain to expand its stablecoin usage within the app.
The integration comes amid a surge in stablecoin activity on the Solana network. The Solana Foundation reports that the total stablecoin supply on Solana has increased nearly 20% over the past year. Since the beginning of 2026, the volume of stablecoin transactions conducted on Solana has surpassed $5.25 trillion.
MetricSolana (2026)Stablecoin supply growth (12 months)+20%Stablecoin transaction volume (2026)$5.25 trillionSamsung Galaxy devices (initial rollout)82 millionSupported countries (bank account payouts)Over 60Samsung’s evolving crypto strategySamsung has been active in the blockchain and cryptocurrency space for several years. In 2019, the company introduced the Samsung Blockchain Keystore alongside its flagship Galaxy S10 smartphone, allowing secure storage of private keys for cryptocurrencies on mobile devices. Samsung Blockchain Wallet was also launched to let users manage digital assets and interact with decentralized applications.
By 2021, Samsung expanded its blockchain ecosystem by adding compatibility with hardware wallets such as the Ledger Nano S and Nano X. At that time, support extended to Bitcoin, Ethereum, Tron, and numerous tokens, enhancing cryptocurrency access and security for its users.
Recently, the company has deepened its collaboration with Coinbase. In July 2025, Samsung Pay partnered with Coinbase, enabling eligible users to buy cryptocurrencies and add funds to trading accounts via the Samsung payment app. This partnership grew further in October 2025 with Samsung Wallet users receiving Coinbase One subscription promotions and additional crypto-related benefits.
Samsung’s commitment to blockchain technology has evolved from early private key storage solutions to seamless integration of stablecoin payments across millions of Galaxy phones.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Proposal 613 was cancelled by the Proposal Guardian on 7 October. I am putting forward a narrower alternative for discussion.
It does not close the EPCF. It changes who holds the keys. The EPCF and the mainnet SVR revenue would move from Safes the Foundation controls alone to the Community Multisig, which needs five of nine signers.
The funds Pool Holdings on 8 October Who can move it today After this proposal EPCF 500,000 USDC and 4,583,411 USDC supplied to cUSDCv3 2-of-3 Safe; two signers are Foundation nominees Community Multisig, 5-of-9 Mainnet Chainlink SVR 355.95 ETH 2-of-4 Safe “controlled by the Foundation” Community Multisig, 5-of-9 The same two addresses, 0x0660…6bF2 and 0xA415…897E, are owners of both Safes and meet both thresholds on their own.
How this differs from Proposal 613 Proposal 613 closed the EPCF and sent everything to the Governor Timelock. @pennblockchain objected that this removes the fund’s rapid-response role, and other delegates said the same in their vote rationales.
That objection is fair, and this alternative accepts it. The EPCF keeps its purposes, its size and its 48-month term. Emergency deployment stays available.
The problem is sole control The DAO has already decided what custody of DAO funds should look like. The Treasury Escrow is owned by the Governor Timelock. The TMC needs four of six signers to start a withdrawal. Every withdrawal waits out a cooldown, the Community Multisig can block it, and governance can reclaim the assets.
The EPCF and the SVR revenue have none of that.
EPCF. Proposal 535, Section 6, gives the Foundation two of three signers. Section 4 lets it deploy funds “at its discretion when, in its judgment” a threat qualifies. SVR. The Foundation’s March update says the Safe “is controlled by the Foundation and held in trust for the DAO”. It adds that there are “no explicit governance instructions” for the funds. Together that is about 5.08M USDC and 356 ETH of DAO money behind two keys from one organisation.
If the treasury itself sits behind a committee, a cooldown and a safeguard, why do these two pools sit behind nothing?
Why this matters now Section 3 of Proposal 535 lets the Foundation:
convert a portion of EPCF assets into COMP and delegate such COMP for the purposes of participating in Compound governance.
The V2 reserves show how that kind of discretion has been used. Proposal 536 gave the Foundation 8.42M DAI “exclusively to support protocol operations and governance continuity”. Its text never mentions delegation or using the entirety of the funds to purchase COMP and vote on its own proposals. The chain shows the following.
Date (UTC) What happened Transaction 9, 15 and 25 April 7,988,003 USDC left the V2 Reserves Safe for one address, which forwarded all of it to a Binance deposit address by 26 April 1, 2, 3 14 April The Safe delegated its COMP voting power to the Foundation tx 5 May, 09:46 344,780 COMP arrived in the Safe, 58 minutes before the voting snapshot for Proposals 580 and 582 tx 5 May, 14:46 The Foundation voted 912,717 COMP for Proposal 580, which created the TMC tx 20 and 21 May 100,000 COMP left the Safe for that same address and was forwarded to a second wallet 1, 2 22 May to 10 September That wallet deposited COMP at eight exchanges: Binance, Bybit, OKX, Coinbase, KuCoin, Bitget, Gate.io and Bitvavo. Net of what came back, all 100,000 was on exchanges by 10 September wallet 2 September 900,261 USDT arrived in the Safe from that wallet tx 3 and 10 September A further 50,000 COMP took the same route 1, 2 As of 8 October that wallet has sent 213,800 COMP to exchanges and received 93,049 back. It still holds 29,250.
The Foundation’s 28 September statement says “there has been no trading”. Trades inside an exchange are not visible on-chain, so I cannot say how much was sold. The Foundation can. It has not published its agreement with the trading firm or the purchase, transfer and disposal records. None of this activity is reported in the “Transparency Threads”.
I have called this misappropriation, and the Foundation disputes that.
Another wallets activity also raises similar questions. 0xb164…6432 delegates to the Foundation’s voting address. It received 60,028 COMP before the Proposal 535 snapshot in February and sent all of it to the same Binance deposit address 4 hours 25 minutes after voting closed. In May it received 100,024 COMP before the snapshot for Proposals 580 and 582, and began sending it back 28 minutes after voting closed.
Why the Community Multisig It is nine organisations, not one. Five of nine must sign. It already holds the DAO’s safeguard roles. It is the Pause Guardian, the Safeguard on the Treasury Escrow and the Proposal Guardian. It is fast. On 7 October it executed a 5-of-9 transaction less than nine hours after Proposals 612 and 613 were queued. It was suggested at the start. In February, @blockful proposed a DAO-elected council or the Proposal Guardian members as managers, so that responsibility would not rest solely with the Foundation. I have criticised this multisig’s composition, and I stand by that. This proposal is the minimum, not the ideal. Five of nine signers from nine organisations is a stronger check than two signers from one.
Fed Governor Waller: Inflation data supports the Federal Reserve’s decision to raise interest rates in September, but consecutive rate hikes are not necessary.
Federal Reserve Governor Christopher Waller published a statement saying the U.S. Federal Reserve’s decision to raise interest rates in September was the result of months of accumulated evidence, not driven by a single data point. Waller recalled that the Fed had cut rates by 75 basis points consecutively from September to December 2025. However, in the first half of 2026, the labor market stabilized, inflation progress stalled, Middle East conflicts pushed up energy prices, AI-related construction boosted high-tech consumer prices, and trade conflicts and new tariffs also created upward inflationary pressure. After August inflation data came in higher than expected, the Fed decided to raise rates in September. Waller said the latest data reinforced the judgment that "employment is stable while inflation remains too high". August core PCE rose 3% year-over-year; core inflation has hovered roughly between 2.5% and 3.0% since spring 2024, exceeding the Fed’s 2% target. He emphasized: "At least in the near term, policy will focus on the inflation side of our mandate." Waller is not overly concerned that policy tightening will cause a sharp economic slowdown, but he worries that accelerating inflation will push up inflation expectations across the board. Regarding the future path, Waller pointed to the possibility of further rate hikes, such as a potential 75-basis-point increase, but he did not lock in the pace or magnitude, stressing that decisions will depend on data. September projections showed 16 out of 18 Fed participants expected at least one more rate hike this year, while 4 projected two hikes. Markets assign an 85% probability of at least one rate hike before December, and a nearly 80% chance of at least two hikes by March 2027. Waller said that if data comes in as expected, further rate hikes are likely, but they do not need to be implemented at consecutive meetings, just completed within an acceptable timeframe.
17 minutes ago
Starknet is considering a transition to Layer 1 (L1) to independently advance its quantum security upgrades, with the related upgrades expected to roll out as early as 2027.
StarkWare co-founder and CEO Eli Ben-Sasson stated that Starknet, as a layer-2 (L2) network relying on Ethereum’s underlying security, is currently evaluating multiple options—including converting to a layer-1 (L1) network—to independently manage its security migration process and mitigate cryptographic risks posed by quantum computing and AI. He added that Starknet, built on ZK-STARK, boasts cryptographic agility and has already developed a post-quantum security migration roadmap. Ethereum aims to achieve full L1 quantum resistance by the end of 2029, while Bitcoin has not made a comparable commitment; Starknet expects to roll out the relevant upgrade as early as 2027.
17 minutes ago
Federal Reserve Governor Christopher Waller: More interest rate hikes are still needed, but the pace of hikes will remain flexible.
Federal Reserve Governor Waller said more interest rate hikes are still needed now, but he remains flexible on the pace of hikes. (Jinshi)
17 minutes ago
QCP: Geopolitical Premium Rises, Crypto Market Position Vulnerabilities Increase
According to QCP Macro’s October 8 market theme report, negotiations between the U.S. and Iran over access arrangements for the Strait of Hormuz have reached an impasse. The U.S. has shifted to pressure measures, including recalling its delegation to Iran and imposing additional sanctions, though Qatar’s mediation channel remains open. Currently, the number of vessels transiting the Strait of Hormuz has dropped to 3, compared to a normal average of 26. The U.S. Strategic Petroleum Reserve (SPR) has fallen by 28% since May. Energy transportation costs have also risen significantly: the crude oil shipping price from West Africa to China has surged to $27.22 per barrel, a 319% increase from the year-to-date average of $7.37 per barrel. While crude oil exports have returned to normal, refined product shipping volumes remain about 33% lower. QCP notes that tight tanker supply could mean delivery costs will stay elevated in the future. In the crypto market, Anthropic’s IPO has been delayed to mid-November, with market valuation expectations around $2 trillion. Strategy has slowed its BTC purchases and shifted priority to STRC repurchases; crypto ETF inflows have also cooled, while progress on the U.S. Clarity Act has stalled. A key question for the market now is whether rising geopolitical premiums will drive further unwinding of risk asset positions, or if current market positioning is already fragile enough to amplify this round of shocks.
17 minutes ago
Well-known rollover trader AguilaTrades deploys $8.29 million to go long on Bitcoin (BTC) after 14 months of inactivity.
According to EmberCN’s monitoring, prominent rollover crypto trader AguilaTrades frequently executed large-position rollover long trades on Hyperliquid from June to August last year, incurring a total loss of roughly $37.6 million. He has not opened any positions on Hyperliquid for 14 months since then. Today, AguilaTrades resumed trading: 20 minutes ago, he withdrew 500,000 USDC from Bybit to Hyperliquid, then opened a long position of 100 BTC at $82,962, with the position valued at approximately $8.29 million and a liquidation price of $78,997.
17 minutes ago
The US stock market’s optical module sector is down across the board in pre-market trading, with AAOI falling 3.78%.
According to market data from BIT (Bit.com), most optical module and optical communication concept stocks declined in pre-market trading of US stocks. Specifically: COHR fell 3.34% to $323.40; LITE dropped 2.51% pre-market to $1,083.23; AAOI declined 3.78% pre-market to $117.91; NOK fell 2.36% pre-market to $10.37; MRVL dropped 1.72% pre-market to $279.79.
According to official announcements, Samsung has partnered with Solana to integrate stablecoins into 82 million Galaxy devices in the U.S. Samsung Wallet users in the U.S. will be able to use USDC on Solana for cross-border remittances starting from the last week of October.
The South Korean tech giant said the feature is built into Samsung Wallet, with fiat on- and off-ramps, rather than a separate crypto app.
Samsung will soon allow eligible Galaxy users in the U.S. to transfer USDC stablecoins across borders, as the South Korean tech giant continues to expand its crypto-related services.
In a statement released Thursday, Samsung said that Samsung Wallet and Samsung Pay will support USDC transfers on Solana for cross-border remittances, starting in the last week of October across 82 million U.S. Galaxy devices.
Specifically, the feature will be built into Samsung Wallet, with fiat on- and off-ramps, rather than a separate crypto app. Users will be able to send USDC to compatible external wallets, with Solana's and Sui's infrastructure operating behind the scenes. The underlying framework also operates in partnership with Bastion, a licensed stablecoin custodian in the U.S.
"Sending money abroad should feel as convenient as using the wallet already on your phone," said Woncheol Chai, EVP and head of the digital wallet team at Samsung Electronics. "We're bringing USDC transfers into Samsung Wallet so eligible Galaxy users can get started without installing another app or managing private keys themselves."
Samsung said it will not charge a fee on the transfers, though recipient wallets or exchanges may, and speed depends on network conditions.
The wallet will also support transfers to eligible bank accounts in more than 60 countries, with funds delivered in the recipient's local currency, according to the statement. Fees on this path could vary by destination.
Expanded collaboration The upcoming feature marks the "next chapter" of Samsung and Coinbase's collaboration, the phonemaker said. Last year, Samsung expanded its partnership with Coinbase to let U.S. Galaxy users fund their Coinbase accounts with Samsung Pay.
Alec Lovett, Coinbase's head of infrastructure products, wrote Wednesday in a blog post that Coinbase will custody the USDC held in Samsung Wallet through Coinbase Prime.
"Samsung's global reach makes this a significant distribution milestone for USDC," said Lovett.
Lily Liu, president of Solana Foundation, also said Samsung's new feature "puts digital dollars into everyday life."
"This level of adoption is what we built Solana for, and we're seeing the moment when stablecoins stop being a crypto product and start being how people move money," said Liu.
Samsung said it plans to expand the service to additional markets, subject to local regulatory requirements.
Samsung plans to introduce USDC transfers for eligible U.S. Galaxy users in late October. Solana and Sui will support blockchain transfers, while eligible bank recipients can receive local currency. Stablecoin payments at online and physical checkouts remain a potential future feature. Samsung is preparing to integrate USDC transfers directly into Samsung Wallet, bringing stablecoin functionality to its existing smartphone payment platform rather than launching a separate cryptocurrency application.
The service, scheduled for the final week of October, will allow eligible U.S. Galaxy users to send digital dollars to compatible wallets and bank accounts in more than 60 countries. USDC will be the first supported stablecoin and the default dollar option under the wallet’s new “Buy Stablecoin” feature.
The integration brings together Samsung, Coinbase, Bastion, Solana and Sui, with each handling a different part of the transaction process.
For Samsung, the opportunity extends beyond adding another digital asset. International transfers have traditionally required users to navigate banks, remittance providers or cryptocurrency exchanges. Samsung intends to bring that activity into an application already used for payment cards, digital identification and other everyday services.
Samsung Wallet Connects Stablecoins With Bank Payments The initial service supports two distinct destinations: cryptocurrency wallets and conventional bank accounts.
Users sending USDC to compatible wallets can transfer the asset directly through supported blockchain infrastructure. Samsung says it will not impose a transfer fee for these transactions, although receiving platforms may apply their own charges.
International bank payouts introduce additional steps. USDC must be converted into the recipient’s local currency and delivered through supported banking or payment networks.
Fees for these transfers will vary by destination and amount, with the estimated cost and delivery time displayed before confirmation.
That difference affects how the product should be evaluated. Blockchain settlement can happen quickly, but the final delivery of money to a bank account also depends on currency conversion, compliance checks and local payment infrastructure.
For someone sending money abroad, the relevant measures are the total cost, the exchange rate received and when the funds become available, rather than blockchain transaction speed alone.
Samsung’s Partners Divide the Financial Responsibilities Samsung provides the consumer interface, but it is not taking on every financial function behind the service.
Bastion will operate the stablecoin account infrastructure and handle regulatory obligations, including identity verification, sanctions screening and transaction monitoring. Coinbase will serve as Bastion’s sub-custodian, safeguarding USDC through Coinbase Prime Vault.
Users will not need to manage their own cryptocurrency private keys. Instead, transfers will be authorized through registered Galaxy devices and biometric verification.
This account-based arrangement reduces the technical demands placed on consumers, although it also means users rely on the participating providers for custody, account access and transaction processing.
The blockchain networks have a separate role.
Solana will support USDC transfers and related settlement activity, while Sui will provide another supported network. Sui’s gasless transfer functionality is intended to remove the need for users to acquire its native SUI token simply to cover network transaction fees.
Neither integration means that Samsung Wallet is launching a general-purpose trading service for SOL or SUI. The announced consumer product centers on USDC.
How the Samsung Wallet Integration Works The division of responsibilities is central to understanding the launch.
Inside the Integration
Five partners, different responsibilities
Samsung
Consumer wallet interface, device authentication and distribution
Bastion
Stablecoin accounts, compliance operations and international payment infrastructure
Coinbase
Institutional sub-custody of USDC through Coinbase Prime Vault
Solana
Blockchain infrastructure for supported USDC transfers
Sui
Additional USDC network support, including gasless transfer functionality
The participating companies perform separate functions; a bank payout may also involve currency conversion and local payment providers.
Samsung’s stablecoin service combines an established consumer wallet with regulated financial operations and blockchain settlement infrastructure.
The 82 Million Devices Are a Distribution Opportunity Samsung estimates that approximately 82 million compatible Galaxy devices across the United States could support the integration.
That figure describes potential reach, not active stablecoin adoption. It does not represent verified account registrations, USDC holders or customers who have completed a transfer.
The initial rollout also has eligibility requirements. Users must be U.S. residents aged 18 or older, have a Samsung Account, use a compatible Galaxy device running Android 13 or later, and complete the required identity and security checks.
Samsung’s advantage is that eligible customers can encounter the feature inside a familiar application rather than having to discover and install a dedicated cryptocurrency wallet.
Whether that convenience translates into regular usage will depend partly on the costs and practical reliability of international transfers. Existing remittance services already compete on exchange rates, recipient coverage and delivery times.
The new product will have to compete on those same measures.
Stablecoin Checkout Is Not Part of the Initial Launch Samsung is considering expanding the integration beyond transfers.
Potential future capabilities include paying online with stablecoins and using a Galaxy device for contactless purchases at physical stores. Neither has been confirmed as part of the late-October release, and Samsung has not announced a launch timetable.
The distinction separates the immediate remittance product from the broader possibility of using stablecoins for everyday purchases.
Expansion into additional countries will also depend on local regulatory requirements and the availability of supported financial partners.
The first rollout will establish whether Samsung can convert existing wallet users into active USDC customers. Beyond registrations, the most revealing figures will be completed transfers, repeat usage, average transaction costs and the number of international payment routes generating sustained activity.
Samsung’s late-October launch will begin with eligible U.S. Galaxy users. Wider geographic availability and stablecoin checkout remain separate developments.
Alexander Zdravkov is a crypto journalist and market analyst specializing in digital assets, blockchain technology, and the rapidly evolving cryptocurrency market. He entered the industry more than four years ago, drawn to the speed of innovation in crypto and the potential of blockchain-based financial systems to reshape traditional markets. His work focuses on understanding the forces behind crypto market movements, from Bitcoin and altcoin cycles to institutional adoption, regulation, exchange-traded products, stablecoins, DeFi, and emerging blockchain ecosystems. Rather than simply following price action, Alexander looks at liquidity, investor positioning, market structure, and macroeconomic conditions to identify developing trends and explain what they could mean for digital assets. With a degree in International Relations, he brings a broader perspective to cryptocurrency coverage by connecting developments in the sector with monetary policy, geopolitics, regulation, and global capital flows. This allows him to examine crypto not as an isolated market, but as an increasingly interconnected part of the global financial system. Over the course of more than five years in financial journalism, Alexander has written over 5,000 articles covering cryptocurrencies, blockchain, traditional markets, and the global economy. His reporting spans Bitcoin, Ethereum and altcoins, DeFi protocols, institutional crypto adoption, regulation, market infrastructure, security incidents, and major developments shaping the wider digital asset industry. His approach is centered on giving readers context behind the numbers and headlines, explaining not only what is happening in crypto markets, but why it matters and what could come next.
Samsung has added Solana-based stablecoin payments to 82 million Galaxy phones in its latest crypto expansion in the U.S.
According to the announcement from the Solana Foundation, the South Korean tech giant has teamed up with Solana to add cross-border payments to Samsung Wallet using the stablecoin USDC.
The cross-border payments feature will be live the last week of October 2026. Because of it, users won't need to download any separate crypto apps to send digital dollars cross-border.
HOT Stories
The integration will rely on Solana blockchain infrastructure in the background and will feature fiat on- and off-ramps integrated into the app to swap between stablecoins and local currencies.
Eligible users can send USDC to compatible crypto wallets without transfer fees from Samsung. There will also be the option to send funds to eligible bank accounts in over 60 countries, but those will have transfer fees.
The feature is rolling out initially on 82 million compatible Samsung Wallet Galaxy devices in the U.S. but there will be eligibility and ID verification.
Samsung is also partnering with Coinbase and Bastion to offer stablecoin custody and payment infrastructure. USDC will be held in Coinbase Prime, and Samsung is integrating the Sui blockchain for its stablecoin expansion.
The news comes as there's been a massive boom in stablecoins on Solana. Per the Solana Foundation, stablecoin supply on the blockchain is up almost 20% in the last 12 months.
So far in 2026, there's been over $5.25 trillion in stablecoin transaction volume on Solana.
Samsung's involvement in crypto Samsung's Past Crypto Forays Samsung is not a new face in the crypto space. The company's been pushing into the blockchain space since at least 2019 with its Samsung Blockchain Keystore that launched alongside the flagship Galaxy S10 smartphone.
The technology enabled private key storage of crypto securely on mobile devices. Samsung Blockchain Wallet was also available to manage digital assets and use decentralized apps.
Samsung further enhanced its blockchain capabilities in 2021 by adding support for hardware wallets like Ledger Nano S and Nano X. At the time, the company's blockchain wallet supported Bitcoin, Ethereum, Tron and a variety of tokens.
Recently, Samsung has also been working closer with major crypto exchange Coinbase.
In July 2025, Samsung Pay was added to Coinbase, which made it possible for eligible users to buy cryptocurrencies and add funds to their trading accounts via Samsung's payment service.
In October 2025, the two expanded the partnership further as users of Samsung Wallet gained access to promotional Coinbase One subscriptions and other crypto perks.
Samsung is adding USDC to Samsung Wallet. The initial rollout targets 82 million Galaxy devices in the US.
The infrastructure partner is Sui, a blockchain provider. The partnership was detailed on October 8, 2026, and its central feature is gasless transfers. Users won’t pay network fees, and at the start they won’t need to touch the SUI token at all.
From Unpacked stage to wallet app The groundwork was laid months earlier. At Galaxy Unpacked in London on July 22, 2026, Samsung announced native stablecoin support for Samsung Wallet, with Circle’s USDC as the headline asset.
The features announced at Unpacked cover the basics: sending, receiving and topping up digital value.
The Sui deal is what turns that July announcement into a working product. Sui supplies the rails that USDC moves on, and the gasless model removes one of crypto’s most persistent friction points.
For the uninitiated, “gas” is the small fee a blockchain charges to process a transaction. It’s usually paid in the network’s own token. That means a user wanting to send $20 in stablecoins often has to first acquire a separate, volatile asset just to cover the toll.
Launch is deliberately narrow. USDC is the only stablecoin supported at the outset. No menu of tokens, no trading screen, no yield products, just a digital dollar that behaves like a dollar.
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The bigger roadmap, with conditions attached Samsung has broader plans beyond basic transfers. The company has outlined stablecoin account openings, cross-border remittances and expanded payment options in selected countries, starting in 2026.
Every item on that list comes with a qualifier. These expansions depend on regulatory approval, and Samsung hasn’t framed them as guaranteed.
The long-term reach is considerably bigger than the US launch. Samsung counts more than 800 million Galaxy devices globally and has signaled plans for global expansion. The 82 million US devices represent the first wave, not the ceiling.
Samsung’s slow walk into crypto This isn’t Samsung’s first move into digital assets. The company launched a Knox-secured blockchain wallet in 2019, built on its Knox security platform.
In 2025, it integrated with Coinbase in a deal designed to reach 75 million users in the US.
The USDC integration goes a step further. Rather than pointing users toward a third-party crypto service, Samsung is putting a stablecoin directly inside the wallet people already use for everyday payments.
What this means For Circle, this is distribution that money can’t easily buy. USDC gains a native presence on tens of millions of devices without requiring users to seek it out.
The research findings frame the integration as a potential vote of confidence in regulated stablecoins. Pairing a consumer brand of Samsung’s size with USDC could make digital dollars feel less exotic to people who have never opened a crypto app.
For Sui, the deal is a significant consumer showcase. Powering payments inside a major phone maker’s wallet is a real-world use case for the network.
There’s an irony baked into the design, though. Gasless transfers mean users won’t need to interact with the SUI token, at least initially. Sui gets the traffic, but the average Galaxy owner may never realize which network is processing their payment.
The word “initially” deserves a watchful eye. Gasless models have to be paid for by someone, and the research doesn’t specify how the economics shift once early adoption settles.
Regulation is the gating factor for everything beyond the US launch. Account openings, remittances and expanded payment options all hinge on approvals that Samsung doesn’t control.
For now, the practical takeaway for Galaxy owners in the US is modest but real: a fee-free way to send and receive digital dollars, built into an app they already have.
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Sui has announced a partnership with Samsung Wallet to integrate Sui-based USDC into Galaxy devices in the United States. Users can hold and send USDC, with only this asset supported in the initial phase. Transfers are gas-free, requiring no SUI holdings. The SUI token itself is not supported on Samsung Wallet. This feature is currently limited to the U.S., with official plans to expand it to other markets in the future.
At 00:39 UTC on October 8, 2026, the Solana Foundation announced that Samsung Wallet users in the United States will be able to send $USDC across borders on Solana beginning in the last week of October. The planned feature will be available across 82 million U.S. Galaxy devices at launch. A separate Sui Foundation announcement confirms that Samsung Wallet will also support $USDC on Sui.
The two network announcements describe one Samsung Wallet rollout with multiple blockchain rails. Solana says Samsung Wallet and Samsung Pay will support stablecoins on Solana. Sui says users will be able to hold and send $USDC over Sui. Coinbase separately said $USDC will be the first supported stablecoin and that the feature is powered by Coinbase. None of the three announcements names another stablecoin available at launch.
How the transfer flow works The Solana product announcement places the transfer flow inside Samsung Wallet rather than in a separate crypto application. A user starts from the same interface used for payment cards, boarding passes and IDs. Solana runs behind the interface, while integrated fiat on-ramps and off-ramps convert money to and from local currency.
That structure gives users two distinct layers to consider. Samsung Wallet is the product interface. Solana or Sui provides the network used to move $USDC. The user does not have to leave Samsung Wallet to initiate the transfer, but the announcements do not specify how Samsung will select a network when both are available or whether the sender can choose one.
The Sui implementation removes a separate blockchain requirement. Sui says its gasless stablecoin transfers let users send $USDC without holding $SUI and without paying a network fee. The network-level transfer cost is $0.00. Samsung Wallet will support $USDC at launch, while the $SUI token itself will not be supported.
Sui’s payment path combines infrastructure introduced in separate releases. Native $USDC went live on Sui in 2024, followed by Circle’s Cross-Chain Transfer Protocol integration. Gasless stablecoin transfers reached Sui mainnet in May 2026. Samsung Wallet is therefore using an existing native asset and an existing sponsored-transaction mechanism rather than introducing a wrapped version of $USDC or requiring the sender to acquire the network token first. The announcement does not say whether Samsung will expose Cross-Chain Transfer Protocol functions in the wallet.
Solana does not make the same zero-fee promise in its announcement. Its release says the wallet has integrated conversion to and from local currency, but it does not publish transfer charges, conversion spreads, destination coverage or settlement limits. Those terms will determine the delivered cost of a remittance even when the blockchain layer is hidden from the sender.
Coinbase’s official statement describes the Samsung Wallet feature as powered by Coinbase and identifies $USDC as the first supported stablecoin. The statement does not explain which account, custody or compliance functions Coinbase will provide. The Solana and Sui releases also do not describe who controls private keys inside Samsung Wallet. Users therefore have no published basis yet for comparing the product’s custody model with a self-custodial wallet or an exchange account.
What changes for users and payment operators The immediate change is distribution. Samsung says the function will sit in an application already present on Galaxy devices, and Solana puts launch availability across 82 million U.S. devices. That figure measures devices with access to the rollout, not funded accounts or completed transfers. The announcements provide no enrollment target, expected balance or transaction-volume forecast.
The networks bring different operational claims. Solana says its network has processed more than $5.25 trillion in stablecoin volume during 2026, while stablecoin supply on Solana is up nearly 20% year over year. Sui says it has processed more than $1 trillion in stablecoin transfer volume since August 2025. Those figures describe prior network activity. They do not measure Samsung Wallet usage.
For senders, the important change is the removal of several visible crypto steps. The transfer begins in Samsung Wallet, conversion is integrated, and the network runs behind the interface. On Sui, the sender does not need to obtain $SUI for gas. This reduces the number of assets and applications needed to initiate a transfer, although identity checks, funding methods and recipient eligibility are not described in the network announcements.
For payment operators, the launch creates a consumer distribution channel for $USDC without requiring a separate wallet download. It also creates integration questions. A receiving wallet or service will need to know which network carried the payment, which destinations Samsung supports and how conversion is priced. The announcements do not publish an API, recipient specification or merchant acceptance flow.
The stated use case is cross-border money movement. Sui cites more than 1.3 billion people participating in remittances worldwide and a Visa survey in which 41% of U.S. remittance users said they were likely to use stablecoins for international transfers. These are market-context figures rather than projected Samsung adoption. The rollout will provide a direct test of whether familiar wallet placement changes actual stablecoin usage.
What remains open Both network releases say the service will start in the United States and expand to additional markets. Solana makes that expansion subject to local regulatory requirements. Neither announcement gives a country list or a date for the first expansion.
The next dated milestone is the last week of October 2026, when the U.S. rollout is scheduled to begin. Before then, users and payment providers still need Samsung’s fee schedule, eligibility rules, custody terms, supported destinations, transfer limits and network-selection process. Those details will show whether the product offers one consistent transfer service across Solana and Sui or separate routes with different costs and recipient requirements.
Samsung Wallet and Samsung Pay will support USDC transfers on Solana for cross-border remittances, starting in the last week of October across 82 million U.S. Galaxy devices. The move marks a significant push to bring stablecoin payments into the mainstream consumer wallet experience, without requiring users to download a separate crypto app.
Built Into the Wallet You Already Use The feature is built into Samsung Wallet rather than alongside it. Users will be able to send a remittance from the same interface they already use for cards, boarding passes, and IDs, with integrated fiat on- and off-ramps converting to and from local currency, while Solana's infrastructure operates behind the scenes. The Sui Network will also provide supporting infrastructure as part of the multi-partner arrangement.
Eligible Galaxy users will be able to send USDC directly from Samsung Wallet to compatible crypto wallets internationally, with no transfer fees charged by Samsung. Samsung Wallet will also enable eligible users to send money to qualifying bank accounts in more than 60 countries, with funds delivered in the recipient's local currency. Fees apply to those bank transfers, vary by destination country and amount, and are shown in the app with an estimated delivery time before the sender confirms.
Custody, Compliance, and the Coinbase Connection Bastion, a stablecoin infrastructure provider for global enterprises and financial institutions, has been selected by Samsung as the licensed stablecoin custodian and an infrastructure partner for the new built-in stablecoin capabilities inside Samsung Wallet. Bastion has partnered with Coinbase as its official sub-custodian, safeguarding all USDC in Samsung Wallet through Coinbase Prime Vault.
Samsung described the upcoming feature as the next stage of its collaboration with Coinbase. Last year, Samsung expanded the Coinbase partnership to let U.S. Galaxy users fund Coinbase accounts with Samsung Pay.
Transfers will also require biometric authentication on registered Galaxy devices. The stated device reach describes the potential distribution of the feature, not confirmed adoption.
Sources:
Solana Foundation: Samsung Partners with Solana to Natively Deliver Stablecoins in Samsung Wallet
The Block: Samsung to launch USDC transfers on Solana for US Galaxy users
Securities.io: Samsung Wallet to Launch USDC Transfers for U.S. Galaxy Users
Circle is bringing its USDC and EURC stablecoins into enterprise payment workflows through a partnership with Tereina, a financial services company backed by German enterprise software giant SAP.
The integration will allow businesses using SAP’s financial software to send and receive USDC and EURC within the applications they already use to manage payments. USDC will be the preferred stablecoin for dollar-denominated transactions, while EURC will be available for euro-denominated payments.
Source: Circle
Tereina provides payment infrastructure that companies can embed into business software, allowing them to make payments without switching to a separate financial platform. Tereina and Circle said they plan to test the stablecoin integration with customers over the coming months, including for global payments and treasury operations.
SAP’s ecosystem generates 84% of global commerce, according to the announcement, giving the integration a potentially broad enterprise reach.
The move comes less than a month after Circle launched the mainnet of Arc, its layer-1 blockchain focused on stablecoin payments and financial markets. Arc uses USDC for transaction fees and supports more than 20 fiat-backed stablecoins, including USDC and EURC.
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Circle is bringing its USDC and EURC stablecoins into enterprise payment workflows through a partnership with Tereina, a financial services company backed by German enterprise software giant SAP.
The integration will allow businesses using SAP’s financial software to send and receive USDC and EURC within the applications they already use to manage payments. USDC will be the preferred stablecoin for dollar-denominated transactions, while EURC will be available for euro-denominated payments.
Source: Circle
Tereina provides payment infrastructure that companies can embed into business software, allowing them to make payments without switching to a separate financial platform. Tereina and Circle said they plan to test the stablecoin integration with customers over the coming months, including for global payments and treasury operations.
SAP’s ecosystem generates 84% of global commerce, according to the announcement, giving the integration a potentially broad enterprise reach.
The move comes less than a month after Circle launched the mainnet of Arc, its layer-1 blockchain focused on stablecoin payments and financial markets. Arc uses USDC for transaction fees and supports more than 20 fiat-backed stablecoins, including USDC and EURC.
Magazine: Too big to pause: Could an AI slowdown crash the economy?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
usdcSAP-backed payments firm Tereina and Circle have confirmed the Partnership to bring USDC and EURC stablecoin payments into enterprise business systems, starting with SAP Cloud ERP.
The integration will allow eligible businesses to send and receive stablecoins through applications they already use.
Circle and Tereina Bring Stablecoins to SAPOn Oct. 7, 2026, Circle and Tereina announced a partnership to bring USDC and EURC into enterprise payments through SAP Pay.
The goal is simple, that businesses can use stablecoins without setting up separate crypto payment systems.
Circle 🤝 Tereina
Circle and Tereina are partnering to bring USDC and EURC into enterprise payment workflows, beginning with SAP Pay, where Arc serves as the preferred blockchain.
For eligible businesses, that means more ways to move and settle value through the applications… pic.twitter.com/L5KUHO8WsP
— Circle (@circle) October 7, 2026 Eligible companies with a Circle Mint account can use USDC for dollar payments and EURC for euro payments. These options will work alongside traditional methods such as bank transfers, cards and checks.
Circle CEO Jeremy Allaire said,
“By connecting Circle’s infrastructure with Tereina’s enterprise payment workflows, we can help businesses realize the benefits of faster, more programmable and more globally accessible money movement.”
The partnership targets the wider SAP ecosystem, which the companies say is linked to 84% of global commerce, including 99 of the world’s 100 largest companies.
SAP Pay Brings Stablecoins Into Existing WorkflowsThe partnership matters because companies will not need to change the way their finance teams work.
When an invoice or purchase order is approved, SAP Pay can process the stablecoin payment and reconcile it in real time. This removes the need to move between different payment platforms and manually handle separate crypto transactions.
Tereina CEO Cedric Bru said,
“This partnership with Circle makes it easy to move into the future without changing how businesses already operate.”
Arc Could Power Faster Stablecoin PaymentsThe partnership can also use Arc Circle’s enterprise blockchain. Arc offers sub-second transaction finality and uses USDC to pay transaction fees.
Looking ahead, Tereina also plans to connect the system with SAP’s Joule AI agents, which could eventually help businesses create, approve, and execute cross-border stablecoin payments automatically.
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