Samsung is putting stablecoins in 800 million phones and the real test has not started yet

Samsung Wallet will support native stablecoins after the Galaxy Unpacked announcement, but the issuer, chain, and custody model remain undisclosed. The $408 million Dunamu investment and a pending South Korean digital asset law reveal the infrastructure play behind the headline. Summary Samsung announced native stablecoin support for Samsung Wallet at Galaxy Unpacked on July 22, 2026, with a USDC mockup displayed on stage, though no partnership with Circle has been confirmed. Three Samsung affiliates paid $408 million for a combined 4% stake in Dunamu, the operator of South Korea’s largest crypto exchange Upbit, purchasing 1.39 million shares from Kakao linked entities. Samsung SDS identified stablecoin infrastructure as its first collaboration priority with Dunamu during its second quarter 2026 earnings call on July 30. Samsung Wallet has nearly 19 million users in South Korea and operates across 61 countries, with 241 million Galaxy phones shipped in 2025. Neither the stablecoin issuer, blockchain network, custody model, launch date, nor eligible markets have been confirmed by Samsung. Samsung has spent seven years building a crypto footprint inside Galaxy phones. The blockchain ...