Stripe's Crypto Onramp powers USDC purchases in the new Samsung Wallet Stablecoin Account

Stripe's Crypto Onramp now powers stablecoin purchases in the new Samsung Wallet Stablecoin Account. The account is available to eligible users on 82 million Galaxy devices in the United States, who can buy USDC with Samsung Pay, credit and debit cards, or ACH.

Stripe says Crypto Onramp handles identity verification, compliance and fraud prevention for each transaction. Samsung Pay is also now available to businesses that use Crypto Onramp.

The announcement carries no named spokesperson quotes and gives no volumes or fee details.

The read: the wallet owns the distribution, while Stripe supplies the regulated plumbing between a card or bank account and USDC.