Samsung teams with Stripe to bring USDC to 82M phones
Samsung Pay, cards and ACH fund the account, with New York excluded and fees varying by transaction. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Eligible US Samsung Wallet users can now buy USDC with Samsung Pay, credit and debit cards, or ACH bank payments through Stripe, the payments company said Nov. 5. The service lets Galaxy owners convert dollars into stablecoins within the wallet app.
Samsung announced the feature on Oct. 7 with a rollout planned for late October, and Stripe's disclosure confirms the live purchase methods. Its cited reach of 82 million US Galaxy devices measures compatible hardware.
To add money, users open the Stablecoin Account and tap Top up, according to Samsung's support FAQ. Bank accounts and cards must be in the user's own name, and dollars added through those methods become USDC.
Users can also fund through Coinbase or receive USDC from an external wallet on a supported network. The Coinbase route opens a Coinbase webpage, where its terms and fees apply to transactions using an existing balance or an available saved payment method.
The account can hold, send, and receive USDC, while withdrawals to a bank account or debit card convert it back to dollars.