At its Galaxy Unpacked event, Samsung revealed plans to add stablecoin support to Samsung Wallet, further integrating existing payment, membership benefits, and digital asset features into a single app. The company has not yet announced which stablecoins will be supported, when they will launch, or which technology partners will be involved.

Wallet functionality continues to expand

The company stated that the next phase of Samsung Wallet will no longer be limited to cash, savings, and traditional payment tools, but will also cover stablecoin transfers. Samsung product manager Lee Dinham said the company hopes to be one of the first major smartphone brands to offer native stablecoin functionality, allowing users to transfer digital value directly through their phones.

However, Samsung only announced the product direction this time, without explaining more specific technical arrangements, including which blockchain networks will be supported, what reserve assets will be supported, and in which regions the features will be available.

Continued investment in encryption services over the past year

This plan is not a standalone new business, but rather part of Samsung's expansion of its digital asset business over the past year. In October 2025, Samsung expanded its partnership with the US cryptocurrency exchange Coinbase, allowing US Galaxy users to purchase cryptocurrencies directly through Samsung Wallet.

At the time, both parties stated that the integration initially covered more than 75 million Galaxy users and planned to gradually expand to more markets. Samsung also offered new users promotional incentives such as Coinbase One subscriptions and first-trade rewards.

In addition to encryption services, Samsung Wallet can now store information such as payment cards, digital identities, and membership rewards programs. Samsung also recently launched the Galaxy Card, further integrating more financial services into this mobile ecosystem.

Simultaneous progress in local deployment in South Korea

Beyond consumer wallets, Samsung companies are also increasing their investment in South Korea's digital asset industry. In May 2026, Samsung Securities, Samsung SDS, and Samsung Card agreed to collectively acquire a 4% stake in Dunamu, the operator of Upbit, South Korea's largest cryptocurrency exchange.

According to ETNews, the three companies paid 612.8 billion won, or approximately $408 million, for 1.39 million shares of Dunamu. This came at a time when South Korea was pushing forward legislation covering stablecoins, tokenized securities, and digital asset service providers.

Samsung Securities stated that it plans to collaborate with Dunamu on tokenized securities issuance and digital asset services; Samsung Card mentioned that the two parties may collaborate on digital asset payments and a Korean won stablecoin based on the Monimo platform; and Samsung SDS proposed combining cloud computing, AI, and cybersecurity capabilities with Dunamu's blockchain infrastructure.

Additional information:Earlier this month, Open Standard's proposed OUSD stablecoin alliance listed Samsung as one of its founding partners, but according to the Chosun Ilbo, Samsung stated that it had not formally consulted with the project and was unclear about its role in it.