PNC Bank has launched a pilot program allowing its Corporate & Institutional Banking clients to receive payments in USDC, a U.S. dollar-backed stablecoin, on the Ethereum blockchain through Coinbase Payment products. This service automatically converts USDC payments to U.S. dollars and deposits them into PNC accounts, offering faster access to funds and improved efficiency for cross-border transactions. The move builds on PNC's existing partnership with Coinbase and reflects the bank's commitment to innovative payment solutions. Initially limited to eligible clients, PNC aims to help businesses explore stablecoin payments as part of their treasury strategies.
As of Nov 09, 2026 22:12 WIB, Coinbase Global, Inc. (COIN) shares are trading at USD 136.26 on Pluang, showing a 1.11% increase over the past day. The company's market capitalization stands at $35.68 billion, reflecting its significant presence in the financial sector. This context highlights the relevance of PNC Bank's new stablecoin payment service, which leverages Coinbase's blockchain technology.
