Samsung smartphone showing wallet with stablecoin support in a news illustration.
Samsung smartphone showing wallet with stablecoin support in a news illustration.
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Samsung to add stablecoin support to Wallet

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Samsung plans to integrate stablecoin support into its Samsung Wallet service. The move follows the company's earlier integration of crypto purchases via Coinbase.

Samsung announced that Samsung Wallet will add stablecoin support. The update aims to combine payments, rewards and digital assets in one service.

The company previously enabled crypto purchases through Coinbase. This latest step expands its digital asset features further.

No specific timeline for the rollout was provided in the announcement.

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Initial reactions on X highlight excitement over Samsung potentially reaching over a billion users with stablecoin support in Wallet, described as massive adoption and a game changer for crypto; some users note traditional finance integration while others express skepticism about specific token inclusion like LUNC.

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Illustration of Bank of Korea expanding CBDC pilot with nine banks, featuring digital currency elements.
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Bank of Korea to expand CBDC pilot with nine banks in September

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The Bank of Korea will launch the second phase of its Central Bank Digital Currency pilot in September. The expansion will involve nine major banks and real-transaction testing using deposit tokens.

Samsung Wallet now supports TSA-approved digital passports for US travelers. The feature matches similar offerings from Apple and Google.

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Finance executives predict that digital-native generations will rely on wallets holding stablecoins and tokenized assets rather than opening conventional bank accounts.

Japan's SBI Group has acquired a majority stake in Singapore-based crypto exchange Coinhako. The deal, announced on Friday after regulatory approval, forms part of a broader strategy to build a cross-border digital asset network across Asia.

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Samsung has introduced the Galaxy Card, a new credit card offering cash rewards on purchases of its products. The announcement comes two days before the company's Galaxy Unpacked event.

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