COINTELEGRAPH · 2026-11-09 17:48 UTC

PNC Bank tests turning USDC payments into dollar deposits

PNC Bank launched a limited pilot letting eligible corporate and institutional clients receive USDC payments through Coinbase. Payments are automatically converted into dollars and deposited into designated PNC accounts, so businesses accept stablecoins without holding them. PNC did not disclose fees, settlement-time benchmarks or the number of participating clients, and did not respond to a request for details.

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