Samsung is poised to become a dominant stablecoin distributor, analysts say
Samsung seeks to turn 800 million Galaxy phones into wallets for digital assets and blockchain payments, backed by a deeper play in crypto infrastructure.
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Summary
- Samsung plans to add native stablecoin features, including fiat-pegged savings and payments accounts, to 800 million new Galaxy smartphones via Samsung Wallet, potentially making it a dominant distributor of tokens like USDC.
- The move builds on Samsung’s existing crypto wallet infrastructure and its nearly 19 million Samsung Wallet users in South Korea, positioning the company to integrate payments, rewards and digital assets into a single ecosystem across 61 countries.
- Samsung’s $408 million stake in Upbit operator Dunamu and its push into digital asset infrastructure suggest a broader strategy to support both dollar- and won-denominated stablecoins as South Korea develops its Digital Asset Basic Act.
