Xiaomi phones will feature an integrated stablecoin wallet

Source: Criptonoticias Original Title: Xiaomi Phones Will Bring an Integrated Stablecoin Wallet Original Link:

• Xiaomi’s implementation will reach phones sold in Europe, Latin America, and Africa.
• The wallet is developed in partnership with the Sei network.

The team behind the Sei cryptocurrency network announced on December 10 that upcoming Xiaomi phones will come with a default wallet for making payments and transferring stablecoins.

The wallet will be pre-installed on devices sold outside mainland China and the United States. For the launch, they will prioritize regions with already established cryptocurrency adoption, such as Europe, Latin America, Southeast Asia, and Africa, where Xiaomi holds a significant market share.

According to the announcement:

The planned integration aims to enable customers to purchase Xiaomi products (from smartphones to electric vehicles) using stablecoins that are natively on Sei, such as USDC and others. The first releases of the stablecoin payment functionality are scheduled for Hong Kong and the European Union in the second quarter of 2026, with subsequent expansion to other jurisdictions that comply with regulations.

This is “a next-generation financial application powered by Sei and designed for stablecoin payments,” which will be part of Xiaomi’s mobile ecosystem from the factory.

However, they did not specify from which version of Xiaomi’s operating system the app will be added.

Sei Network is a first-layer chain (L1) compatible with the Ethereum Virtual Machine. This will facilitate the integration of applications and tools already built for that environment to connect more quickly and directly to Xiaomi users.

Other features of Xiaomi’s upcoming stablecoin wallet

The wallet on upcoming Xiaomi devices will allow login with Google accounts or Xiaomi ID.

Additionally, it will use security based on multi-party computation (multi-party computing or MPC, by its acronym in English), a system where multiple parties protect fragments of a private key to prevent a single point of failure from compromising funds.

Based on the use of MPC, it follows that the wallet on upcoming Xiaomi devices will not be fully self-custodial, since instead of the user controlling all parts of the key, companies (in this case Xiaomi or Sei) usually retain some fragments of the keys.

The tool will support transfers between users and payments between consumers and merchants. According to the announcement, it will offer curated access to prominent decentralized applications and a simplified user experience for those who have never interacted with cryptocurrencies.

Finally, the announcement highlights that the integration will enable stablecoin payments in Sei’s network across more than 20,000 Xiaomi retail stores, in addition to its digital product catalog.

The emphasized goal is for users to be able to pay for phones, home devices, and even electric vehicles with stable cryptocurrencies like USDC.