Samsung Electronics Co.(OTC:SSNLF) said Samsung Wallet will add native support for stablecoins, marking the company’s first formal move to integrate the digital asset class into its mobile ecosystem.
The announcement, made during Samsung’s Galaxy Unpacked event in London on July 22, did not include a launch timeline, supported issuers or regional availability.
The move signals Samsung’s plans to make stablecoins a feature of one of the world’s largest smartphone wallet platforms.
“Samsung Wallet will expand beyond cash and savings. It will embrace new forms of digital value, including stablecoins,” Samsung product manager Lee Dinham said.
Dinham added that Samsung aims to become “one of the first major mobile brands” to offer native stablecoin functionality.
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Adding stablecoins would transform Samsung Wallet into a more comprehensive crypto platform, enabling users to buy, store and potentially spend digital assets from a single application.
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