PNC Bank announced a pilot on Nov. 9 that lets participating corporate and institutional clients receive $USDC payments on Ethereum through Coinbase's payment infrastructure.
Here's what changes for the recipient: PNC says incoming USDC is automatically converted one-for-one into U.S. dollars and credited to a designated PNC deposit account. A payer can send a stablecoin while the business receives dollars in its existing banking workflow.
Source: https://pnc.mediaroom.com/2026-11-09-PNC-Bank-Launches-Incoming-Stablecoin-Payments-for-Corporate-and-Institutional-Banking-Clients
#Stablecoins #CryptoPayments #Banking
Here's what changes for the recipient: PNC says incoming USDC is automatically converted one-for-one into U.S. dollars and credited to a designated PNC deposit account. A payer can send a stablecoin while the business receives dollars in its existing banking workflow.
Source: https://pnc.mediaroom.com/2026-11-09-PNC-Bank-Launches-Incoming-Stablecoin-Payments-for-Corporate-and-Institutional-Banking-Clients
#Stablecoins #CryptoPayments #Banking
