The Solana Foundation has announced that Samsung Wallet and Samsung Pay will support stablecoins on Solana. Samsung Wallet users in the United States will be able to send money using Circle’s USDC by month end.
Some 82 million US Galaxy device users will be able to send a remittance from the same wallet interface they already use for cards, boarding passes and IDs, with integrated fiat on- and off-ramps converting to and from local currency.
“For a decade, stablecoins have proved the technology works,” says Lily Liu, President, Solana Foundation. “What they lacked was a way to reach the mainstream. Samsung’s decision to work with Solana puts digital dollars into everyday life through one of the world’s most trusted technology brands. This level of adoption is what we built Solana for, and we’re seeing the moment when stablecoins stop being a crypto product and start being how people move money.”
Subscribe to our newsletter
