Binance-owned Trust Wallet is planning to explore a stablecoin-only wallet service in 2026. Eowyn Chen, the CEO of Trust Wallet, spoke about the platform’s plans for next year with CoinHeadlines on the sidelines of the ongoing Binance Blockchain Week (BBW) 2025 in Dubai. She said the Trust Wallet has observed an interesting user pattern this year, prompting it to look into creating a new stablecoin-focussed custody service.
Why stablecoins?
Chen said that a pocket of Trust Wallet users are using the platform for extreme cold storage – so much so that it has tokens worth $10 billion in USDT just sitting within its ecosystem without having seen any movement for a while now.
“So there are people that are actually using the platform trading purposes. But then there are pockets of the users that don’t even touch speculative crypto at all. The users are not moving them, or they’re just moving through stablecoin. So people are really taking advantage of the stable coin for cross border remittance or even salary purposes,” the Trust Wallet CEO told CoinHeadlines – detailing its nudge to explore related services.
The platform, which claims to have amassed a user base exceeding 200 million so far, wishes to contribute in improving the custody and transactional infrastructure for stablecoins given a visible growth in their use cases.
“I also started to give the team a problem statement, what if we build a stable coin only wallet that those users doesn’t even touch speculative crypto, but take advantage of the stable coin and infrastructures to enhance their everyday life,” Chen said. “And how to enable that end to end assets flow from fiat on ramps, offerings, payment, price off ramps, all those things, and then allow people even to choose different modes that they’re wanting to use.”
Is hardware the future for Trust Wallet?
For now, Trust Wallet is not looking specifically at entering the hardware wallet space. As explained by Chen, hardware wallets are just not a part of Trust Wallet’s DNA.
Instead, she said, the platform could eventually focus on developing software that would convert existing devices like smartphones into hardware wallets. Chen explained this approach in one sentence – “meet the people where they are”.
“I think Solana’s phone is experimenting with a security enclave that is making the phone itself a wallet device. So I think a lot of other cell phone makers are also exploring this option set as well. So you’re not limited to one chance to brand a wallet in order to do it. So that might be an area of interest that you don’t need to have a standalone hardware,” she said.
Push into AI, prediction markets
Stepping into the next year, Chen said, Trust Wallet aims to compete with platforms like PayPay and Venmo among others – but with the twist of on-chain instant payment services.
Additionally, the platform is now looking to use AI to distinguish humans from bots and keep the platform more loyal to humans.
“Our mission will always be, how to empower humans to thrive,” Chen noted.
This week, Trust Wallet assumed the role of a prediction markets aggregator. It added a new tab called “Predictions” within its existing UX to let users engage on multiple prediction markets like Myriad, Kalshi, and Polymarket from within its platform
“I think we need to give the technology and industry some time to figure out the right angle with technologies like AI, but we stay very much on top of it. Yeah, if there are good opportunities that we think really facilitate and empower users, then we’re, we’re always ready to be able to surface them and allow people to, you know, thrive with those tools,” she concluded.