PNC Bank has launched a limited pilot program allowing eligible business and institutional clients to receive USDC payments on Ethereum through Coinbase Payments. Funds are automatically converted into U.S. dollars and deposited into designated PNC accounts; clients do not need to hold USDC. The bank said the service aims to speed up settlement and improve the efficiency of cross-border payments. PNC has not disclosed the associated fees, settlement times, or details about the participants.
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