Covering over 800 million Galaxy phones, Samsung is poised to become a major stablecoin distributor

Odaily Planet Daily News: Joseph Goh, Head of Areta's Asia-Pacific region, pointed out that distribution channels are the truly scarce resource, and Samsung's vast distribution network will give it an advantage in stablecoin distribution. Goh further stated that the wallet announcement has secured distribution channels, with SDS and Dunamu set to provide the underlying infrastructure. Samsung aims to simultaneously deploy both USD and KRW stablecoins. Previously, Samsung announced it would add native stablecoin functionality to Samsung Wallet for over 800 million Galaxy smartphones, including fiat-pegged savings and payment accounts. It is reported that Samsung Wallet already has nearly 19 million users in South Korea, covering 61 countries.