Samsung Electronics(005930) plans to introduce a stablecoin feature to its mobile simple-payment platform "Samsung Wallet" within this year. Galaxy smartphone users are expected to be able to use stablecoins for remittance and payment services on their mobile devices without a separate virtual asset application (app).
According to the industry on the 11th, the virtual asset outlet Sandmark reported on the 9th (local time), citing a written reply from Samsung Electronics, that "starting in some countries this year, Samsung Electronics will sequentially add stablecoin account opening, cross-border overseas remittances, and in-store point-of-sale payments to Samsung Wallet."
The features to be introduced to Samsung Wallet include stablecoin account opening, overseas remittances, and payment services. The company plans to expand the service scope step by step, considering each country's regulatory environment and market conditions. On the 22nd of last month in London, the United Kingdom, at Galaxy Unpacked 2026, Samsung Electronics released that it would add a fiat-pegged stablecoin feature to Samsung Wallet.
Lee Dinham, a smartphone product manager at Samsung Electronics, said, "Samsung Wallet will support new forms of digital value, including stablecoins, beyond cash and savings," adding, "Samsung will become one of the first major mobile brands to preload stablecoins on smartphones."
At the time, Samsung Electronics said it would preinstall the stablecoin feature on more than 800 million Samsung Wallets worldwide by the end of this year. Samsung Wallet on Galaxy smartphones is currently available in 61 countries. In Korea, it has about 19 million users.
Previously, when multinational corporations like Samsung Electronics sent foreign currency remittances, various indirect expenses arose, such as exchange costs when buying and selling currencies like the dollar and intermediary bank fees. The more transactions there are, the greater the expense burden grows.
Remittances also take several days, so the opportunity cost of not being able to use funds immediately is not small. Kang Hyeong-gu, a professor at Hanyang University and an adviser to the Presidential Committee on Policy Planning, estimated that if Samsung Electronics uses stablecoins for internal remittances, it could save up to $103.9 million (about 147.5 billion won) annually.