Digital Assets Weekly: Stablecoins connect to corporate funds through partnerships

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Stablecoin companies are working with traditional financial institutions to integrate blockchain payments into businesses’ existing bank accounts and treasury workflows, rather than requiring businesses to switch to crypto services. The partnership between PNC Bank and Coinbase allows eligible business customers to receive USDC, which is automatically converted into dollars and deposited into existing bank accounts; Anchorage Digital has also partnered with Lydian. The article notes that this model gives businesses receiving payments access to payment capabilities, while conversion and related processes are handled by financial service providers.