PNC and Coinbase pilot USDC business payments
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AI-assisted source synthesis · not an independent investigation.
On November 10, 2026, PYMNTS reported that PNC Bank announced it was opening up the ability to receive USDC stablecoin payments to business and institutional clients, with funds processed through the Ethereum blockchain and supported by Coinbase’s payments product. The report described the service as open to clients but did not disclose its launch scope, fees, or transaction volume. Later the same day, Banking Dive reported that the service launched through PNC’s partnership with Coinbase was still in a pilot phase, serving business and institutional banking clients and currently supporting only USDC issued by Circle; after arriving via Ethereum, funds are automatically converted to U.S. dollars at a 1:1 rate and deposited into PNC accounts. Earlier reports said the service was open to business and institutional clients, while later reports said it was in a pilot phase. Whether support will be expanded will depend on client demand and usage.
AI-written from reports · updated 12 hours ago
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- Banking DivePNC Pilots Stablecoin Payment Acceptance Service for Business Clients
PNC is partnering with Coinbase to pilot stablecoin payment acceptance for business and institutional banking clients, allowing businesses to receive Circle’s USDC. After funds arrive via the Ethereum blockchain, they are automatically converted to dollars at a 1:1 rate and deposited into PNC deposit accounts; the pilot currently supports receiving USDC only, and any expansion will depend on client demand and usage.
- PYMNTSPNC opens USDC stablecoin payments to corporate and institutional clients
PNC Bank announced that it will allow corporate and institutional clients to receive USDC stablecoin payments, with funds processed through the Ethereum blockchain and supported by Coinbase’s payments product. The offering builds on PNC’s partnership with Coinbase and its continued investment in treasury management capabilities, while also complementing the bank’s faster payments capabilities.
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