Crypto: Samsung integrates USDC payments on Solana
Summarize this article with:

Samsung formalizes the integration of USDC stablecoin transfers on the Solana network within its native Samsung Wallet application. Rolled out to 82 million Galaxy device users in the United States, this feature is accompanied by a spectacular explosion in SOL’s on-chain volumes, which now surpasses the largest crypto exchanges like Binance.

Samsung rolls out USDC transfers on Solana for 82 million users as SOL crypto volumes explode against Binance.

In brief

  • 82 million Galaxy smartphones now benefit from cross-border USDC transfers on Solana, with no in-app fees.
  • The service leverages Bastion’s infrastructure and secure custody of funds provided by Coinbase Prime Vault.
  • Spot trading volume on Solana exceeded $818.9 million in 24 hours, largely dominating Binance and centralized crypto platforms.

Crypto: Samsung Wallet adopts USDC on Solana

Until now, access to cryptos required downloading specialized applications or complex management of private keys. Samsung is disrupting this logic by directly integrating the USDC stablecoin into the heart of the Galaxy ecosystem. Powered by the speed and low fees of the Solana blockchain, this feature allows you to transfer USDC without fees to compatible crypto wallets, but also to send funds to bank accounts in more than 60 countries.

To orchestrate this frictionless deployment:

  • The technical infrastructure and records management are managed by Bastion.
  • The custody and security of USDC tokens is delegated to Coinbase Prime Vault.
  • Transaction validation is carried out via the native biometric authentication of Galaxy smartphones.

Solana surpasses Binance in spot volume

This international partnership comes as the Solana (SOL) ecosystem demonstrates impressive financial health. Over the past 24 hours, Spot volume on SOL’s decentralized crypto exchanges (DEX) reached a whopping $818.9 million, crushing Binance and competition from centralized platforms.

Platform / Network Volume Spot (24h) Volume gap with Solana DEX
DEX Solana (Cumulative) $818.9 million Reference (#1)
Binance $444.6 million Solana achieves almost double that of Binance
Gate.io $136.5 million +500% in favor of SOL
Coinbase $133.3 million + 514% in favor of Solana
Bybit $110.1 million + 644% in favor of SOL
MEXC $90.2 million + 808% in favor of Solana
Bullish $51.9 million + 1,478% in favor of SOL
Kraken $50.5 million + 1,521% in favor of Solana
Crypto.com $44.3 million + 1,750% in favor of SOL
Spot trading activity on Solana compared to traditional crypto exchanges in the sector.

The arrival of Samsung alongside other behemoths like Visa or PayPal confirms that the SOL blockchain is becoming the preferred channel for institutional cross-border commerce and payments.

As the Solana (SOL) token consolidates its positions, the alliance between the world’s leading smartphone manufacturer and the fastest decentralized network in the crypto market lays the foundation for very large-scale mainstream adoption. Do you think the integration of USDC into Samsung smartphones will accelerate the adoption of crypto among the general public?

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