Crypto
PNC Bank expands ties with Coinbase to pilot USDC payments for corporate clients
PNC Bank is expanding its cooperation with Coinbase to support corporate and institutional clients receiving payments in the USDC stablecoin, The Block reported on Nov. 9. The service will initially run as a pilot for eligible clients. Incoming USDC will be automatically converted 1-for-1 into U.S. dollars and deposited into client-designated accounts. Coinbase’s payment API will be used for stablecoin transactions, while PNC will handle banking and cash management.
