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Samsung Wallet to Add USDC on Sui in Late October

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Samsung said USDC transfers will be added to Samsung Wallet in late October across 82 million compatible U.S. Galaxy devices. The feature is set to let eligible users send USDC to crypto wallets and to bank accounts in more than 60 countries, with custody handled by Bastion and Coinbase and separate fees on bank transfers.

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Key claims & sources

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Transfers to bank accounts in more than 60 countries will carry separate fees.
Samsung Wallet to Add USDC on Sui in Late October
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Bastion and Coinbase will custody the balances.
Samsung Wallet to Add USDC on Sui in Late October
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Eligible Galaxy users in the United States will be able to send USDC to crypto wallets and to bank accounts overseas.
Samsung Wallet to introduce USDC transfers across 82 million US Galaxy devices
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Samsung Wallet’s U.S. rollout is scheduled for the final week of October and includes support for eligible bank accounts in more than 60 countries.
Samsung Will Add USDC Transfers to 82 Million U.S. Galaxy Phones
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Samsung said USDC transfers will arrive in Samsung Wallet in the last week of October on 82 million compatible U.S. Galaxy devices.
Samsung Brings USDC to 82 Million Galaxy Phones

What it means

U.S. Galaxy users are the people who notice this first, because Samsung Wallet is set to add USDC transfers on their phones in the last week of October. The change reaches 82 million compatible devices, and it gives eligible users a way to send USDC to crypto wallets and bank accounts abroad.

Before this rollout, Samsung Wallet did not have this USDC transfer feature on these devices; after it, the app will include it on eligible U.S. Galaxy phones. The bank-account side still has a separate fee, and transfers remain limited to compatible wallets and eligible bank accounts in more than 60 countries.

Market reaction i

USDCUSDC the event is about this asset

USDC barely moved in the 4 hours after the first headline, after a flat 2 hours before.

$0.9997 price at the headline
0.0% 2 h before
0.0% 4 h after
0.0% 12 h after
First headline

48 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 8 02:30
The Defiant scoop
Breaks the event
+2 h
Oct 8 04:29
crypto.news context
Its angle: according, introduce, overseas; with quotes
+1 d 3 h
Oct 9 05:53
Crypto News Australia context
Its angle: authentication, transmitter, compatible; with quotes

Has this happened before?

WhenWhat happenedFigure
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39 days ago Lloyds and Visa Settle $750,000 in USDC in Cross-Border Pilot event 1 actors in common · 7 news media