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Samsung Bets Big on Stablecoins with Smartphone Support and Exchange Stake

Guavy AI Editorial Team
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Samsung's move into digital assets is accelerating as it pursues stablecoin support for its new smartphones and acquires a stake in cryptocurrency exchange operator Dunamu.

The addition of stablecoins to Samsung Wallet could make the company a major distributor, introducing new users to this type of asset, according to CoinDesk.

Samsung's acquisition of 4% of Dunamu for $408 million suggests it is interested in entering both digital asset infrastructure and distribution businesses.

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