Areta analyst: Samsung is expected to become a major stablecoin distributor

According to CoinDesk, Joseph Goh, the head of Areta Asia Pacific, a cryptocurrency investment bank, pointed out that Samsung is expected to become a major stablecoin distributor with its vast distribution channels and Samsung Wallet layout. Samsung plans to add native stablecoin functionality to over 800 million Galaxy smartphones in Samsung Wallet, with SDS and Dunamu providing underlying infrastructure. Samsung's goal is to simultaneously deploy stablecoins in both US dollars and Korean won. Samsung Wallet has nearly 19 million users in South Korea, covering 61 countries.