PNC Bank, the eighth-largest US bank by assets, launched a limited pilot enabling eligible corporate and institutional clients to receive USDC payments through Coinbase.
The pilot accepts USDC, a US dollar-backed stablecoin issued by Circle, on Ethereum using Coinbase Payments products. Payments are automatically converted into dollars and deposited into designated PNC accounts, allowing businesses to accept stablecoins without holding them.
PNC said the service aims to speed up access to funds and improve cross-border payment efficiency. The bank did not disclose fees, settlement-time benchmarks or the number of participating clients, nor did it respond to Cointelegraph’s request for additional details by publication time.
The pilot builds on a partnership established in July 2025, when PNC agreed to offer cryptocurrency services through Coinbase’s infrastructure while providing banking services to the exchange. The partnership…
