News linked to both this project and an event.
According to Decrypt, Samsung Wallet has launched USDC stablecoin accounts for eligible U.S. Galaxy users, enabling them to buy, hold, send, and receive USDC directly on the Solana chain without needing to download additional crypto wallets or manage private keys. The service is supported by stablecoin custodian Bastion and Coinbase, and is expected to reach approximately 82 million compatible Galaxy devices in the United States.
Odaily Report: Samsung Wallet has rolled out stablecoin accounts for eligible Galaxy users in the United States, supporting the buying, holding, sending, and receiving of USDC on the Solana blockchain, covering approximately 82 million compatible devices. The service requires no separate crypto app download or private key management, and is not currently available to New York State residents.The service was built by stablecoin custody and infrastructure provider Bastion in partnership with Coinbase, with Coinbase providing sub-custody of USDC to Bastion through Coinbase Prime Vault. Samsung notes that the accounts are crypto wallets, not bank accounts.Transfers to other U.S. Samsung Wallet users and compatible external wallets incur no transfer fee charged by Samsung, though other providers may charge fees; remittances to eligible bank accounts in more than 60 countries and regions are subject to fees that vary by destination. Credit card top-ups incur a 4% fee, and withdrawals to bank accounts or via debit card also carry fees. (Decrypt)
SolanaFloor reported that SkyAI, Solana’s treasury company, has reached a settlement with Bastion Trading, which now supports SkyAI repurchasing shares at $3 per share after previously opposing the plan. SkyAI also confirmed that it has sold all 2 million SOL at an average price of $107 each, and stated that it will not repurchase any SOL after completing the share buyback.
Odaily reports: A Solana Foundation official stated that the U.S. GENIUS Act provides regulatory momentum for enterprises and financial institutions to enter the stablecoin space, and is also one of the important background factors behind Samsung's launch of stablecoin payment services. Samsung has announced that starting in the last week of October, it will support USDC cross-border transfers in Samsung Wallet, initially targeting eligible Galaxy users in the United States and covering approximately 82 million devices. Users can transfer USD stablecoins to compatible crypto wallets within seconds with no transfer fees, and can also send remittances to eligible bank accounts in more than 60 countries and regions. The service will use the Solana and Sui networks as its underlying infrastructure, with licensed stablecoin custodian Bastion providing transfer services and Coinbase Prime serving as sub-custodian responsible for safeguarding USDC assets.
According to Coinbase's official blog, Coinbase announced that it will provide stablecoin services for Samsung Wallet, with USDC launching as the default U.S. dollar stablecoin in the U.S. market during the last week of October 2026. When users deposit into their stablecoin balances, USDC will automatically appear as the default option. The related assets will be held in custody by Coinbase Prime Vault through its NYDFS-compliant custody service, operated in collaboration with licensed stablecoin infrastructure provider Bastion. To date, USDC's circulating supply has already grown by 72% in 2025 to exceed $75 billion, and the number of wallets holding the asset has increased by 59% to nearly 7 million.