Yesterday I saw a news item: Starting November 9, PNC Bank in the U.S. is piloting a service that lets some business customers receive USDC directly. The funds come in over the Ethereum network, are converted 1:1 into U.S. dollars before they arrive, and are deposited into a designated bank account, using Coinbase’s payment infrastructure behind the scenes. Businesses don’t keep a single coin on their books—they receive ordinary bank deposits.
This news made me think about what it’s like when I get paid: someone sends me money in stablecoins, and it arrives on-chain in just a few minutes. But that’s only the first half. For the second half, I still have to figure out how to convert it back into fiat—check the exchange rate, calculate the fees, and wait for the money to arrive. If I convert too late, I have to keep an eye on price fluctuations. The spending side has already seen more than 200 card projects, while on the receiving side, banks are only just starting to offer businesses a way to accept payments.
So these days, when I think about stablecoin payments, I don’t just look at how smooth things are when I pay with a card. I also look at how easy it is to receive money. The day ordinary people can receive stablecoins directly, just like a bank transfer, is when they’ll really become useful.
What about you? If your bank could automatically convert the USDC you receive into U.S. dollars and deposit it into your account, would you use that service, or would you rather hold onto the coins yourself?
#稳定币 #跨境支付 #USDC
This news made me think about what it’s like when I get paid: someone sends me money in stablecoins, and it arrives on-chain in just a few minutes. But that’s only the first half. For the second half, I still have to figure out how to convert it back into fiat—check the exchange rate, calculate the fees, and wait for the money to arrive. If I convert too late, I have to keep an eye on price fluctuations. The spending side has already seen more than 200 card projects, while on the receiving side, banks are only just starting to offer businesses a way to accept payments.
So these days, when I think about stablecoin payments, I don’t just look at how smooth things are when I pay with a card. I also look at how easy it is to receive money. The day ordinary people can receive stablecoins directly, just like a bank transfer, is when they’ll really become useful.
What about you? If your bank could automatically convert the USDC you receive into U.S. dollars and deposit it into your account, would you use that service, or would you rather hold onto the coins yourself?
#稳定币 #跨境支付 #USDC