Samsung teams with Stripe to integrate USDC into 82 million devices
Samsung Wallet now supports USDC purchases
Samsung has announced that its Wallet app now allows eligible users to buy USDC, a stablecoin meant to maintain a value equal to the U.S. dollar. This feature is facilitated through a partnership with Stripe, a payment processing company.
Key numbers
- 82 million U.S. Galaxy devices can use this service.
- New York residents are not eligible for USDC purchases.
- Eligible devices must run Android 13 or later and support fingerprint authentication.
Steps for using the new feature
To purchase USDC, users can convert U.S. dollars via Samsung Pay, credit and debit cards, or ACH bank transfers. Funds can be added to the Stablecoin Account, which allows for holding, sending, and receiving USDC. Users can also withdraw their USDC balances back to bank accounts or debit cards, converting it back to dollars.
Transaction fees and conditions
There are no fees for opening the Stablecoin Account, but fees apply based on how users fund their accounts, make transfers, or withdraw funds. Transaction fees will be displayed before users confirm their actions.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.