PNC Pilots USDC Payment Acceptance for Corporate Clients Through Coinbase

PNC Bank is expanding its partnership with Coinbase so that corporate and institutional clients can receive payments in the USDC stablecoin, The Block reported on Monday, citing Coinbase’s announcement. The service starts as a pilot for eligible customers. Incoming USDC is converted to U.S. dollars at a 1:1 rate and deposited into the client’s designated PNC account, so recipients do not need to hold the token themselves.

The pilot runs on Coinbase Payment APIs combined with PNC’s banking and treasury management services. According to the report, PNC describes the offering as a complement to the faster-payment options it already provides to corporate clients. The article did not disclose eligibility criteria, the number of participants or a timeline for a wider rollout.

The move builds on a relationship that began in July 2025, when PNC agreed to use Coinbase’s Crypto-as-a-Service platform. In December 2025 PNC began offering spot bitcoin trading to eligible private banking clients. The Block also noted that in September 2026 Coinbase expanded a similar arrangement with Citi, under which Citi’s institutional clients can accept stablecoin payments that Coinbase’s infrastructure converts to fiat for settlement.

For the crypto market, the development is a sign that large U.S. banks are treating stablecoin acceptance as a payments feature rather than a separate product line. The pilot is small and its scale is unknown, and the report carried no executive quotes from either company.

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Sources:

• The Block: Coinbase and PNC Bank expand partnership with USDC payments for corporate clients