PR Newswire·Nov 9, 2026, 10:05 AM ET

PNC Bank Launches Incoming Stablecoin Payments for Corporate and Institutional Banking Clients

PNC Bank announced the availability of incoming USDC payments for its Corporate & Institutional Banking clients.
The solution allows clients to receive USDC stablecoins on the Ethereum blockchain via Coinbase Payment products.
USDC payments received are automatically converted 1-to-1 to U.S. dollars & deposited into designated PNC deposit accounts.
The initiative builds on PNC's existing relationship with Coinbase & expands its Treasury Management capabilities.
The service aims to provide faster access to funds & greater efficiency for cross-border transactions while maintaining traditional banking services.
PNC is initially offering the service on a limited basis as part of a pilot program for eligible clients.
Tom Lang, head of Treasury Management at PNC, stated the solution supports innovative client capabilities backed by banking expertise.
Alec Lovett, head of Infrastructure Products at Coinbase, noted stablecoins are modernizing business money movement for speed & global reach.
PNC intends to help clients evaluate emerging payment technologies within their broader treasury strategies.