Samsung Wallet has announced a USDC transfer feature that doesn't require the recipient to have a crypto wallet. It's said that transfers sent to supported bank accounts in over 60 countries can be received in the local currency.

In an October 7 announcement, Samsung stated that it would introduce the feature in the final week of October for Galaxy users in the U.S. who meet the eligibility requirements. (This announcement is specifically for U.S. users!)

The cost varies depending on the transfer method. Samsung does not charge a remittance fee when sending USDC to supported external wallets, but the receiving wallet provider or exchange may charge their own fees. If sending to a bank account, fees will be applied based on the destination and the amount.

For bank transfers, the app will display the fee and estimated arrival time before final confirmation. You are advised to check the list of supported countries within the app as well. Note that some banks or account types may not be supported, so it is a good idea to verify the recipient's account details.