PNC Bank Lets Corporate Clients Accept USDC Payments in New Coinbase-Powered Pilot

PNC shares up 2.3% as bank opens stablecoin payments to corporate clients

PNC opened incoming USDC payments to corporate and institutional clients, auto-converted 1-to-1 to dollars, and investors pushed the stock up 2.3%.

PNC Bank Lets Corporate Clients Accept USDC Payments in New Coinbase-Powered Pilot

PNC Bank has opened a pilot that lets eligible clients of its Corporate and Institutional Banking unit get paid in USDC, a stablecoin backed by U.S. dollars, with Coinbase supplying the technology behind it, the two companies announced on Monday. When a participating client receives USDC, the tokens are converted 1-to-1 into dollars automatically and deposited into a designated PNC account, according to Coinbase’s post. The USDC travels on the E…

PNC and Coinbase Will Pilot USDC Payment Receipts for Eligible Clients

The limited rollout will convert payments into dollars and test which stablecoin features business and institutional customers find useful.

PNC Bank Launches USDC Payment Pilot With Coinbase

PNC Bank has introduced a pilot program allowing selected corporate and institutional clients to receive payments in USD Coin (USDC) through the Ethereum blockchain, marking another development in the integration of digital assets with traditional banking services. The initiative, conducted in partnership with cryptocurrency exchange Coinbase, enables eligible clients to receive payments in USDC before […]

PNC USDC Pilot: Ethereum Payments Convert 1:1 Into Dollars

PNC Bank has launched a limited pilot enabling corporate and institutional clients to receive payments in USDC on the Ethereum blockchain, expanding its cryptocurrency infrastructure partnership with Coinbase. The Pittsburgh-based financial institution announced the initiative on November 9, 2026, introducing stablecoin payment acceptance for eligible customers of its Corporate & Institutional Banking division. Under the program, incoming USDC p…

PNC Now Accepts USDC From Corporate Clients

PNC began taking USDC from corporate clients on Nov. 9, converting each stablecoin payment into dollars in a PNC deposit account at a 1:1 rate.