F
Fintechnews Switzerland
Guest
- Thread Author
- #1
Coinbase will power USDC as the default dollar stablecoin in Samsung Wallet, with the launch set for the last week of October 2026 in the US.
The crypto exchange will also hold users’ USDC balances in custody.
When users top up their stablecoin balance in Samsung Wallet, USDC will appear automatically as the default option.
The balances will sit with Coinbase Prime, the company’s platform for institutional clients.
Its custody services are qualified under the New York State Department of Financial Services (NYDFS).
The setup runs in partnership with Bastion, a licensed stablecoin custodian and infrastructure provider overseen by US financial regulators.
Each USDC is designed to be redeemable for one US dollar. The stablecoin is backed by cash and short-dated US Treasuries, and attestations of its reserves are published monthly.
The Coinbase Samsung Wallet integration builds on earlier work between the two firms.
In July 2025, Coinbase added Samsung Pay as a payment option for buying crypto in its app.
Three months later, Galaxy users in the US gained access to Coinbase One benefits inside Samsung Wallet.
According to Coinbase, that extension reached more than 82 million Galaxy users.
The company added that Samsung’s global reach could help expand the use of USDC, although the launch it announced covers only the US market.
Featured image: Edited by Fintech News Switzerland, based on image by Samsung Developer via its website, Dang Pham and AI-generated image via Magnific.
The post Samsung Wallet to Offer USDC as Default Stablecoin via Coinbase appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.
The crypto exchange will also hold users’ USDC balances in custody.
When users top up their stablecoin balance in Samsung Wallet, USDC will appear automatically as the default option.
How custody will work
The balances will sit with Coinbase Prime, the company’s platform for institutional clients.
Its custody services are qualified under the New York State Department of Financial Services (NYDFS).
The setup runs in partnership with Bastion, a licensed stablecoin custodian and infrastructure provider overseen by US financial regulators.
Each USDC is designed to be redeemable for one US dollar. The stablecoin is backed by cash and short-dated US Treasuries, and attestations of its reserves are published monthly.
How the partnership has grown
The Coinbase Samsung Wallet integration builds on earlier work between the two firms.
In July 2025, Coinbase added Samsung Pay as a payment option for buying crypto in its app.
Three months later, Galaxy users in the US gained access to Coinbase One benefits inside Samsung Wallet.
According to Coinbase, that extension reached more than 82 million Galaxy users.
The company added that Samsung’s global reach could help expand the use of USDC, although the launch it announced covers only the US market.
Featured image: Edited by Fintech News Switzerland, based on image by Samsung Developer via its website, Dang Pham and AI-generated image via Magnific.
The post Samsung Wallet to Offer USDC as Default Stablecoin via Coinbase appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.