CROWDFUNDINSIDER · 2026-11-10 13:18 UTC

Coinbase and PNC Partner to Launch Stablecoin Payments Pilot for Institutional Banking Clients

PNC Bank has launched a limited pilot letting eligible corporate and institutional clients accept incoming USDC payments on Ethereum, converted one-to-one into U.S. dollars deposited in a PNC account. Coinbase's Payment APIs handle receipt and conversion, so clients do not have to hold or manage digital assets themselves. The pilot builds on a 2025 relationship in which PNC adopted Coinbase's Crypto-as-a-Service platform and began banking Coinbase; no fees, volume targets, or expansion timelines were disclosed.

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