Analysis: GENIUS Act paves way for Samsung's stablecoin payments, set to reach 82 million Galaxy users in the US.

A Solana Foundation official stated that the U.S. GENIUS Act provides regulatory impetus for enterprises and financial institutions to enter the stablecoin sector, and is also one of the key background factors for Samsung to launch its stablecoin payment service. Samsung has announced that it will start supporting cross-border USDC transfers in Samsung Wallet during the last week of October, with the first phase targeting eligible Galaxy users in the U.S., covering around 82 million devices. Users can transfer dollar stablecoins to compatible crypto wallets in seconds with no transfer fees, and also remit to eligible bank accounts in over 60 countries and regions. The service will use Solana and Sui networks as underlying infrastructure, with transfer services provided by licensed stablecoin custodian Bastion, and Coinbase Prime acting as a secondary custodian responsible for safeguarding USDC assets. Samsung and Solana have been preparing for the relevant cooperation for many years, and the two sides will advance product implementation in phases, prioritizing increasing user adoption, and may expand to online and offline stablecoin payment scenarios in the future.