Xiaomi’s implementation will reach phones sold in Europe, Latin America and Africa.
The wallet is developed in conjunction with the Sei network.
The team behind the Sei cryptocurrency network announced on December 10 that Xiaomi’s next phones will incorporate a wallet by default to make stablecoin payments and transfers.
The wallet will be pre-installed on devices sold outside of mainland China and the United States. For the launch they will prioritize “regions with already consolidated cryptocurrency adoption, such as Europe, Latin America, Southeast Asia and Africawhere Xiaomi has a significant market share.
According to the announcement:
The planned integration seeks to allow customers to purchase Xiaomi products (from smartphones to electric vehicles) using stablecoins that are natively on Sei, such as USDC and others. The first launches of the stablecoin payment functionality are planned for Hong Kong and the European Union in the second quarter of 2026, with subsequent expansion to other jurisdictions that comply with the regulation.
Sei statement.
According to the releaseit is “a next-generation financial application powered by Sei and designed for payments with stablecoins”, which will be part of Xiaomi’s mobile ecosystem from the factory.
However, they did not specify from which version of the Xiaomi operating system the application will be added.
Sei Network is a first layer (L1) chain supported by the Ethereum Virtual Machine (EVM). This will make it easier for applications and tools already built for that environment to be integrated with faster and reach Xiaomi users directly.
Other qualities of the next Xiaomi phone stablecoin wallet
The wallet of the next Xiaomi devices will allow you to log in with Google accounts or Xiaomi ID.
Additionally, use security based multi-party computing (multiparty computation or MPCfor its acronym in English), a system where multiple parts protect fragments of a private key to prevent a single point of failure from compromising funds.
From the use of MPC, it follows that the wallet that the next Xiaomi devices will bring It will not be completely self-custodysince, instead of the user controlling all parts of the key, companies (in this case Xioami or Sei) usually retain some fragment of the keys.
The tool will support transfers between users and payments between consumers and businesses. According to the statement, it will offer “curated access to featured decentralized applications” and a simplified user experience for those who have never interacted with cryptocurrencies.
Finally, the announcement highlights that the integration will allow “enable payments with stablecoins in the network of more than 20,000 Xiaomi retail stores”, in addition to its catalog of digital products.
The emphasized intention is that users can pay for phones, home devices and even electric vehicles with stable cryptocurrencies like USDC.