Coinbase and Samsung Bring USDC to Samsung Wallet
TL;DR: Coinbase will power USDC as the default dollar stablecoin in the Samsung Wallet, alongside a licensed partner. USDC balances will be custodied by Coinbase Prime Vault
Last July, Coinbase added Samsung Pay as a payment option, making it easier for users to buy crypto in the Coinbase app. In October, we extended that partnership to more than 82 million Galaxy users in the US with Coinbase One benefits offered directly inside Samsung Wallet.
Today we’re announcing the next chapter in Coinbase and Samsung’s collaboration: Coinbase, alongside a licensed partner, will power the stablecoin experience in Samsung Wallet, a leading all-in-one digital wallet, starting the last week of Oct. 2026 in the U.S. market.
Using USDC with Confidence
USDC is designed to be redeemable 1:1 for U.S. dollars and backed by cash and short-dated U.S. Treasuries, with monthly attestations published. There is clear momentum behind USDC. Circulation grew 72% in 2025 to more than $75 billion, and wallets holding USDC grew 59% to nearly 7 million.
When a Samsung Wallet user tops up their stablecoin balance, USDC will appear automatically as the default dollar stablecoin. Coinbase will provide subcustody for the USDC held in Samsung Wallet on behalf of the licensed provider, through Coinbase Prime, our flagship institutional platform, using its NYDFS-qualified custody services to deliver robust asset protection backed by the strongest balance sheet in crypto. This underlying framework operates in partnership with Bastion, a licensed stablecoin custodian and infrastructure provider overseen by U.S. financial regulators.
Expanding USDC Access and Utility
Coinbase’s mission is to increase economic freedom in the world, and stablecoins are becoming an important way for people to move money online. By expanding the availability and utility of USDC, we aim to help more people participate in the future of finance with money that moves 24/7, seamlessly across borders and at the speed of the internet.
Samsung’s global reach makes this a significant distribution milestone for USDC. By combining Coinbase’s trusted custody infrastructure with Samsung Wallet’s broad consumer adoption in the global market, we can help accelerate the ongoing expansion of USDC and stablecoins in the global economy.
About Alec LovettHead of Infrastructure ProductsAlec Lovett is the Head of Infrastructure Products at Coinbase, where he leads the platform infrastructure business, encompassing payments, agentic commerce, stablecoins, wallets, and crypto-as-a-service.
