According to CoinDesk, Joseph Goh, Head of Asia-Pacific at crypto investment bank Areta, noted that Samsung, with its extensive distribution network and Samsung Wallet, is well-positioned to become a major stablecoin distributor. Samsung plans to integrate native stablecoin functionality into over 800 million Galaxy smartphones via Samsung Wallet, with SDS and Dunamu providing the underlying infrastructure. Samsung aims to support both USD and KRW stablecoins. Samsung Wallet currently has nearly 19 million users in South Korea and operates in 61 countries.
Areta Analyst: Samsung Poised to Become a Major Stablecoin Distributor
AiCoinShare
Summary
Areta analyst Joseph Goh said Samsung is poised to become a major stablecoin distributor, leveraging its global reach and Samsung Wallet. The company will integrate native stablecoin support into Galaxy phones, focusing on USD and KRW stablecoins. Samsung Wallet has 19 million users in South Korea and is available in 61 countries. SDS and Dunamu will provide the underlying infrastructure. This move comes as crypto news continues to highlight big tech’s expanding role in the space.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.