PNC Bank launched a limited pilot that lets eligible corporate and institutional clients receive USDC payments through Coinbase. The pilot accepts USDC on Ethereum, automatically converts payments to dollars and deposits them into designated PNC accounts, so clients do not have to hold the stablecoin.
PNC said it aims to speed access to funds and improve cross-border payments. The bank did not disclose fees, settlement-time benchmarks or how many clients are participating.
