PNC Bank now lets corporate clients get paid in USDC, and it lands as dollars.
• Eligible PNC corporate and institutional clients can receive USDC on Ethereum via Coinbase Payment products
• Incoming USDC is auto-converted 1-to-1 into dollars in a PNC deposit account
• It is a limited pilot; fees, client count and expansion timing were not disclosed
Why it matters: A top-10 US bank is letting business clients get paid in a stablecoin without holding crypto on their balance sheet.
Source: PNC Bank press release
Not financial advice.
💬 Will more big banks follow PNC and Citi into stablecoin payment acceptance?
$USDC #USDC #Stablecoins #Coinbase
• Eligible PNC corporate and institutional clients can receive USDC on Ethereum via Coinbase Payment products
• Incoming USDC is auto-converted 1-to-1 into dollars in a PNC deposit account
• It is a limited pilot; fees, client count and expansion timing were not disclosed
Why it matters: A top-10 US bank is letting business clients get paid in a stablecoin without holding crypto on their balance sheet.
Source: PNC Bank press release
Not financial advice.
💬 Will more big banks follow PNC and Citi into stablecoin payment acceptance?
$USDC #USDC #Stablecoins #Coinbase