Everyone’s talking about Samsung Wallet supporting USDC transfers, but what may really be worth watching isn’t the phone—it’s the stablecoin pipeline behind it..
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According to The Block, Samsung is set to enable USDC transfers on Galaxy phones in the US, building the feature directly into Samsung Wallet and connecting fiat on- and off-ramps as well. Users won’t need to install a separate crypto app..In other words, ordinary people won’t need to know what Solana is; they’ll be able to send and receive stablecoins with a few taps in their system wallet..
The significance of this isn’t Samsung itself, but that the focus of stablecoin competition is shifting from who issues them to who distributes them..A few years ago, the race was about issuance volume and reserve transparency, and USDC and USDT have already formed a duopoly..Now there’s another layer: who can put stablecoins in front of users for the first time without going through an exchange..Phone makers control that gateway, and pre-installed wallets can reach more people than any single exchange app..
Choosing Solana wasn’t just a random pick..Stablecoin transfer costs and speed directly affect the wallet experience. Over the past two years, this chain has captured a lot of new supply in payment use cases thanks to its low fees and high throughput..If partnerships like this continue, the question of which chain funds move to will increasingly come down to which chain gets built into more devices, rather than which one is more decentralized..
What’s really worth watching is the next move: whether more phone makers and payment providers follow suit..Once stablecoins appear by default in system-level wallets, exchanges’ role as on- and off-ramps will quietly be bypassed to some extent..Will Galaxy phones in the US be the beginning, or will this remain a pilot? The new integrations over the coming months will provide the answer..
💬 你的看法呢？进群说
According to The Block, Samsung is set to enable USDC transfers on Galaxy phones in the US, building the feature directly into Samsung Wallet and connecting fiat on- and off-ramps as well. Users won’t need to install a separate crypto app..In other words, ordinary people won’t need to know what Solana is; they’ll be able to send and receive stablecoins with a few taps in their system wallet..
The significance of this isn’t Samsung itself, but that the focus of stablecoin competition is shifting from who issues them to who distributes them..A few years ago, the race was about issuance volume and reserve transparency, and USDC and USDT have already formed a duopoly..Now there’s another layer: who can put stablecoins in front of users for the first time without going through an exchange..Phone makers control that gateway, and pre-installed wallets can reach more people than any single exchange app..
Choosing Solana wasn’t just a random pick..Stablecoin transfer costs and speed directly affect the wallet experience. Over the past two years, this chain has captured a lot of new supply in payment use cases thanks to its low fees and high throughput..If partnerships like this continue, the question of which chain funds move to will increasingly come down to which chain gets built into more devices, rather than which one is more decentralized..
What’s really worth watching is the next move: whether more phone makers and payment providers follow suit..Once stablecoins appear by default in system-level wallets, exchanges’ role as on- and off-ramps will quietly be bypassed to some extent..Will Galaxy phones in the US be the beginning, or will this remain a pilot? The new integrations over the coming months will provide the answer..