A few days ago, Samsung added USDC accounts to the Wallet app on Samsung Galaxy phones in the US. Eligible US users can directly buy, hold, and send/receive USDC within the phone's built-in wallet app without needing to download a separate app. ◦ Chain: This feature is initially available on Solana, and will also be available on the SUI chain this month. SUI offers free gas. ◦ Custody: Users' USDC is custodied by Coinbase Prime Vault, managed by Bastion. ◦ Purchases: Processed by Stripe's cryptocurrency deposit service, which also handles KYC and compliance. Deposits using credit cards or Samsung Pay incur a fee of approximately 4%, which is quite expensive. ◦ Withdrawals: To withdraw USDC to fiat currency, it can be directly transferred to bank accounts in over 60 countries, with the recipient receiving the local currency. This process is handled by Coinflow. ◦ Transfers: Transfers between Samsung users are free and do not require on-chain processing. ◦ Who can use it: Approximately 82 million devices are compatible with Android devices running version 13 or higher and 18 years or older, excluding New York State residents. ◦ Incentives: Receive $25 USDC on your first deposit of $50. You can also choose to enable USDC rewards, which accrue interest daily and are paid monthly, with an annual cap of 1,500 USDC. The interest rate is displayed directly in the app; some users report an annualized rate of 3.75%. ◦ Benefits for CRCL: This is the first time USDC has been included as a default feature in a major mobile phone manufacturer's native wallet, indicating a large potential user base and bringing USDC closer to everyday consumer spending. We will observe the launch date of the SUI chain and the usage by the first batch of users to see if Circle officially releases quantitative data on this collaboration.