🏦 PNC Bank partners with Coinbase, allowing business clients to receive USDC payments
PNC Bank announced Monday that it is expanding its partnership with Coinbase through a pilot program that lets eligible business and institutional clients receive USDC payments. The bank will automatically convert incoming USDC to U.S. dollars at a 1:1 rate and deposit the funds into the client’s designated PNC account. The pilot uses Coinbase’s Payments API to process stablecoin transactions and integrates with PNC’s banking and treasury management services.
The partnership began in July 2025. In December of that year, PNC began offering spot Bitcoin trading to eligible private banking clients. Coinbase is also working with banks such as Citi and payment company Moov to bring stablecoin acceptance capabilities to more community banks and credit unions.
⭐ Large U.S. banks are making stablecoin acceptance an additional channel for business payments, with funds converted to U.S. dollars before being credited.
#PNC #USDC #Stablecoins
PNC Bank announced Monday that it is expanding its partnership with Coinbase through a pilot program that lets eligible business and institutional clients receive USDC payments. The bank will automatically convert incoming USDC to U.S. dollars at a 1:1 rate and deposit the funds into the client’s designated PNC account. The pilot uses Coinbase’s Payments API to process stablecoin transactions and integrates with PNC’s banking and treasury management services.
The partnership began in July 2025. In December of that year, PNC began offering spot Bitcoin trading to eligible private banking clients. Coinbase is also working with banks such as Citi and payment company Moov to bring stablecoin acceptance capabilities to more community banks and credit unions.
⭐ Large U.S. banks are making stablecoin acceptance an additional channel for business payments, with funds converted to U.S. dollars before being credited.
#PNC #USDC #Stablecoins
