Coinbase and Samsung Wallet Introduce USDC
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AI-assisted source synthesis · not an independent investigation.
On October 8, Fintech News Switzerland reported that Coinbase will provide USDC for Samsung Wallet, with plans to launch in the United States in the last week of October. When users fund their stablecoin balances, USDC will automatically appear as the default option, with the balances held in custody by Coinbase Prime. The arrangement also involves cooperation with Bastion, a stablecoin custody and infrastructure provider regulated by U.S. financial regulators. Later the same day, PYMNTS reported that Coinbase will custody Circle’s USDC for Samsung Wallet through Coinbase Prime, making it the default U.S. dollar stablecoin for Samsung’s payment services, and said that the United States is expected to launch it by the end of the month. On October 9, PYMNTS reported again that Coinbase and Samsung were expanding their partnership by integrating USDC into Samsung Wallet’s stablecoin experience, with the launch in the United States still planned for the last week of October; the custody and Bastion cooperation arrangements remain unchanged.
AI-written from reports · updated 8 days ago
Timeline
Follow the reporting to see the different sides of the story.
- PYMNTSCoinbase and Samsung expand partnership, bringing USDC to Samsung Wallet
Coinbase and Samsung are expanding their partnership to integrate USDC into Samsung Wallet’s stablecoin experience, with a US launch planned for the last week of October. After Samsung Wallet users top up their stablecoin balances, USDC will automatically appear as the default US dollar stablecoin. Coinbase will custody the relevant assets through Coinbase Prime, while the underlying framework will work with Bastion, a stablecoin custody and infrastructure provider.
- PYMNTSAs banks embrace cryptocurrency, Coinbase seeks to profit
Coinbase is expanding its services for traditional financial institutions, providing crypto infrastructure to banks while also ramping up its fast-growing prime brokerage business. Through Coinbase Prime, Coinbase will custody Circle’s USDC for Samsung Wallet, making it the default dollar stablecoin for Samsung’s payment service, which is expected to launch in the US by the end of the month. Coinbase has also completed the integration of Deribit and will connect the US and international crypto derivatives markets to a single liquidity pool.
- Fintech News SwitzerlandSamsung Wallet will offer USDC by default through Coinbase
Coinbase will provide USDC for Samsung Wallet and plans to launch in the United States in the last week of October 2026; when users fund their stablecoin balance, USDC will automatically appear as the default option. Users’ USDC balances will be custodied by Coinbase Prime, and the related setup also involves Bastion, a stablecoin custody and infrastructure provider regulated by US financial regulators.