Market News AIOpen the app

Samsung is adding USDC support to Galaxy Wallet for users in the U.S. with help from Coinbase.

DealRead the original at Benzinga
Good for COIN

Coinbase will custody USDC held in Samsung Wallet, connecting it to eligible U.S. Galaxy users.

COIN · Coinbase Global Inc.

AI read · Good for COIN

The AI's read

This gives Coinbase a role in another way people can keep and use USDC, extending its work with Samsung. Eligible users can send USDC without transfer fees, and the story does not say what Coinbase earns. The custody role still connects Coinbase to a large phone-wallet service, so the news leans positive, but the size of any business gain is not stated.

Get alerts for COIN

Follow Coinbase Global Inc. (COIN) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for COIN
Free on the App Store and Google Play, or on the web.