PNC Bank opened a limited pilot on November 9, 2026, that lets eligible corporate clients receive $USDC and get U.S. dollars in their bank account.
Pittsburgh-based PNC said incoming USDC payments are now available to eligible Corporate & Institutional Banking clients. The tokens arrive on Ethereum and are automatically converted 1-to-1 into dollars, then deposited into a designated PNC account, so businesses can accept the dollar-backed stablecoin without holding it. The bank said the setup should speed access to funds and make cross-border payments more efficient, alongside its existing faster-payment tools.
The service starts as a limited pilot; PNC did not disclose fees, settlement times, or how many clients are in the first group. Its official release said the payments rail is powered by Coinbase Payment products. Clients keep PNC treasury and banking services while the bank tests how stablecoins fit corporate cash management.
#USDC #ETH #Stablecoins
DYOR. Not financial advice.
Pittsburgh-based PNC said incoming USDC payments are now available to eligible Corporate & Institutional Banking clients. The tokens arrive on Ethereum and are automatically converted 1-to-1 into dollars, then deposited into a designated PNC account, so businesses can accept the dollar-backed stablecoin without holding it. The bank said the setup should speed access to funds and make cross-border payments more efficient, alongside its existing faster-payment tools.
The service starts as a limited pilot; PNC did not disclose fees, settlement times, or how many clients are in the first group. Its official release said the payments rail is powered by Coinbase Payment products. Clients keep PNC treasury and banking services while the bank tests how stablecoins fit corporate cash management.
#USDC #ETH #Stablecoins
DYOR. Not financial advice.
