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A US firm that holds, moves and converts stablecoins for other companies under its own licences, and runs the stablecoin accounts behind Samsung Wallet's US service announced in October 2026.
Bastion sells the custody, transfer, conversion and issuance machinery that lets other companies run stablecoin programmes, either under its licences or under the client's own. Its trust company, Bastion Platforms Trust Company, LLC, is chartered as a limited purpose trust company by the New York State Department of Financial Services, and custodial wallets and conversions are provided through Bastion Platforms US, LLC, a money services business licensed by the states. It issues no stablecoin of its own. In October 2026 Samsung named it as the firm whose accounts sit behind Samsung Wallet's USDC transfers in the United States, with Coinbase as its sub-custodian through Coinbase Prime Vault. Samsung's release says Bastion has preliminary conditional approval from the Office of the Comptroller of the Currency for a national trust bank charter.
Developments in which Bastion is a named party, newest first.
From late October, US users can send USDC, a digital dollar, to crypto wallets or to bank accounts in more than 60 countries. Samsung itself will hold none of the money.
Samsung Electronics America said Samsung Wallet will support USDC transfers from the last week of October on 82 million compatible US Galaxy devices. Sends to crypto wallets carry no Samsung fee; bank payouts in more than 60 countries carry fees. Bastion runs the accounts, Coinbase is sub-custodian, and Solana and Sui supply the networks.
What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.
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