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PNC Bank Launches USDC Payment Pilot for Corporate Clients

PNC Bank Launches USDC Payment Pilot for Corporate Clients

First seen 9 Nov 2026, 19:39 UTC • •
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ThreatCluster AI
ThreatCluster •November 9, 2026 at 19:39 UTC
  • •PNC Bank's pilot program allows corporate clients to accept USDC payments.
  • •Payments in USDC are automatically converted to US dollars upon deposit.
  • •The initiative is part of PNC's ongoing partnership with Coinbase, enhancing payment options.

On November 9, 2026, PNC Bank announced a pilot program allowing eligible corporate and institutional clients to accept USDC payments via Coinbase. The USDC, a stablecoin pegged to the US dollar, will be automatically converted to dollars and deposited into designated PNC accounts. This initiative aims to enhance payment efficiency and speed up access to funds for businesses. The service builds on PNC's existing partnership with Coinbase, which began in July 2025, and follows similar offerings by other banks like Citi. However, PNC did not disclose specific details about fees or the number of clients participating in the pilot.

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Timeline

2025-07-01
PNC partners with Coinbase
PNC Bank established a partnership with Coinbase to offer cryptocurrency services, including trading.
Cointelegraph
2026-11-09
PNC Bank launches USDC payment pilot
PNC Bank announced a pilot program for corporate clients to accept USDC payments, converting them to dollars.
PR Newswire

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Common questions

Who can participate in the USDC payment pilot?
Eligible corporate and institutional clients of PNC Bank can participate in the pilot program.
How does the USDC payment process work?
Payments made in USDC are automatically converted to US dollars and deposited into designated PNC accounts.
What are the benefits of using USDC for payments?
Using USDC allows for faster access to funds and improved efficiency for cross-border transactions.