Can 82 million Galaxy phones buy USDC? Let’s break down the numbers.
Stripe announced on 11/5 that Crypto Onramp will let users fund their Samsung Wallet Stablecoin Account, with a stated reach of around 82 million compatible Galaxy phones in the U.S. You can buy USDC using Samsung Pay, cards, or ACH. CT is already echoing the line: “Stablecoins are coming to hundreds of millions of phones.”
The number of phone models is not the number of accounts, let alone daily active users. New York residents are excluded outright. The account is custodial—licensed money transmitter Bastion manages the wallet, and USDC is held in custody by Coinbase Institutional. Samsung’s FAQ makes it clear: it’s not a bank, and it has no FDIC, NCUA, or SIPC protection.
So this isn’t about putting private keys on your phone. It’s another KYC funding wrapper layered into a wallet app you already have. The beneficiaries are Stripe, through transaction fees; Circle, through issuance; and Coinbase, through custody fees—not you, saving a little on exchange-to-exchange fees.
#稳定币 #USDC
Stripe announced on 11/5 that Crypto Onramp will let users fund their Samsung Wallet Stablecoin Account, with a stated reach of around 82 million compatible Galaxy phones in the U.S. You can buy USDC using Samsung Pay, cards, or ACH. CT is already echoing the line: “Stablecoins are coming to hundreds of millions of phones.”
The number of phone models is not the number of accounts, let alone daily active users. New York residents are excluded outright. The account is custodial—licensed money transmitter Bastion manages the wallet, and USDC is held in custody by Coinbase Institutional. Samsung’s FAQ makes it clear: it’s not a bank, and it has no FDIC, NCUA, or SIPC protection.
So this isn’t about putting private keys on your phone. It’s another KYC funding wrapper layered into a wallet app you already have. The beneficiaries are Stripe, through transaction fees; Circle, through issuance; and Coinbase, through custody fees—not you, saving a little on exchange-to-exchange fees.
#稳定币 #USDC