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

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By Dextape Desk · November 9, 2026

PNC Bank has launched a pilot letting eligible clients of its Corporate and Institutional Banking unit receive USDC, a dollar-backed stablecoin, with Coinbase supplying the technology, the companies announced Monday. Received tokens are converted to dollars automatically at a one-to-one rate, then placed into an account PNC has designated. PNC said the USDC runs on the Ethereum blockchain. Coinbase's payment interfaces take care of the stablecoin portion, while PNC contributes the account, treasury management services and client relationships. The pilot is limited to eligible clients, while PNC's current faster payment choices remain available. Coinbase cites quicker access to funds and more efficient cross-border transfers. A July 2025 deal between the two firms preceded it. Neither company said when the pilot might reach more clients.

Why it matters: It shows a U.S. bank offering corporate clients stablecoin payments through existing treasury services, a template Coinbase says other banks could follow.

Mentioned: Ethereum, Coinbase, Circle

Summary by Dextape, based on reporting by Unchained. Machine-written from Unchained’s report and checked against it · How Dextape writes