Odaily Planet Daily reports: Joseph Goh, Head of Asia-Pacific at crypto investment bank Areta, noted that distribution channels are the true scarce resource, and Samsung’s extensive distribution network will give it a competitive advantage in stablecoin distribution. Goh further stated that the wallet announcement secures distribution channels, with SDS and Dunamu providing the underlying infrastructure; Samsung aims to simultaneously launch USD and KRW stablecoins. Previously, Samsung announced it would add native stablecoin functionality to over 800 million Galaxy smartphones within Samsung Wallet, including fiat-backed savings and payment accounts. It is reported that Samsung Wallet already has nearly 19 million users in South Korea and operates in 61 countries.
Samsung Aims to Become a Major Stablecoin Distributor Through Galaxy Phones
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Summary
Samsung is expanding stablecoin access through Galaxy phones, aiming to capitalize on its global reach. Joseph Goh of Areta said Samsung’s distribution channels give it an advantage in crypto adoption. The company plans to integrate stablecoin features such as fiat-linked savings and payments into its Wallet app, which already has 19 million users in South Korea and is available in 61 countries. The initiative targets over 800 million Galaxy smartphone users, aligning with rising interest in cryptocurrency and mobile-based financial tools.
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