[Crypto Radar] Galaxy Users in the U.S. Can Send Stablecoins... When Will South Korea Follow?

Samsung Wallet to Launch USDC Transfers in the U.S. Later This Month
Available on 82 Million Galaxy Devices in the U.S.
Eliminates the Need to Install a Separate Wallet or Manage Private Keys
Send Money to Banks in 60 Countries in Seconds

The era of directly sending and receiving dollar-backed stablecoins on smartphones has begun. Samsung Electronics is taking mobile finance powered by digital assets to the next level by adding a feature to send stablecoins (USDC) through Samsung Wallet in the U.S. market. Yet South Korea, the “home turf of Galaxy,” is being left out of this innovation because of foreign exchange regulations and institutional gaps, critics say.

A flag flies at Samsung’s Seocho office in Seoul on the 6th, the day after Samsung Electronics Vice Chairman Lee Jae-yong was released on a suspended sentence following his appeal trial. Photo by Kim Hyunmin / kimhyun81@

Samsung Electronics’ U.S. subsidiary recently announced that starting in the final week of October, it will offer a service for sending Circle’s dollar-backed stablecoin, USDC, through Samsung Wallet to Galaxy users in the U.S. who have completed identity verification. The service is aimed at users with approximately 82 million eligible devices.