PNC

PNC Bank Launches Incoming Stablecoin Payments for Corporate and Institutional Banking Clients

PNC Bank is making incoming USDC payments available to its Corporate & Institutional Banking (C&IB) clients: clients can receive USDC on the Ethereum blockchain, powered by Coinbase Payment products, and the payments are automatically converted 1-to-1 to U.S. dollars and deposited into a designated PNC deposit account. PNC is initially offering the service on a limited basis to eligible clients as part of a pilot program; the release says it builds on PNC's existing relationship with Coinbase.

PNC Bank (newsroom)