Samsung plans to convert 800 million Galaxy smartphones into stablecoin wallets, potentially becoming the world's largest stablecoin distribution gateway.

Analysts say Samsung is accelerating its deployment of digital asset infrastructure, planning to offer native stablecoin functionality to around 800 million Galaxy smartphones via Samsung Wallet, and is poised to become a key distribution channel for stablecoins like USDC. According to reports, Samsung announced at Galaxy Unpacked 2026 that it will integrate stablecoin-related features into future devices, including fiat-pegged savings and payment accounts. Samsung Wallet is currently available in 61 countries, with nearly 19 million users in South Korea. Joseph Goh, head of Asia Pacific at crypto investment bank Areta, noted that the core bottleneck for stablecoin mass adoption is not liquidity, but user reach. “Distribution channels are the scarce asset, and Samsung has massive user entry points,” he said. He believes this move could propel Samsung to become a major distributor of stablecoins like USDC. This is not Samsung’s first foray into crypto. Back in 2019, the company launched a digital asset wallet via its Knox security module, allowing users to store assets like Bitcoin and Ethereum, and connect to Ledger hardware wallets. Additionally, Samsung is strengthening its digital asset infrastructure deployment. Lee Jun-hee, CEO of Samsung SDS, previously stated that the company’s investment in Dunamu—operator of South Korea’s largest crypto exchange Upbit—is a key strategic move to enter the digital asset infrastructure space, covering stablecoins and AI-powered payments. In May this year, three Samsung subsidiaries: Samsung Securities, Samsung SDS, and Samsung Card, agreed to acquire a roughly 4% stake in Dunamu (Upbit’s parent company) for about $408 million. Analysts believe Samsung Wallet will serve as the user distribution entry point, while infrastructure players like Dunamu handle underlying transactions and asset services, meaning Samsung may be building a complete ecosystem covering stablecoins, payments, and digital asset services.