PNC Bank started a limited pilot on November 9, 2026 that lets eligible Corporate & Institutional Banking clients receive USDC payments on the Ethereum blockchain, using Coinbase Payment products. Incoming USDC is converted 1-to-1 into US dollars and deposited into a designated PNC account, so clients do not hold the stablecoin.
Why it matters: PNC adds stablecoin collection to its treasury management services next to its existing faster payment options, and the bank says the pilot will start with a limited group of clients. Citi expanded its own Coinbase partnership in September so institutional clients on its Spring platform can accept stablecoin payments that settle in fiat, The Block reported.
Source: PNC Bank, November 9, 2026; Reuters, via Investing.com, November 9, 2026; The Block, November 9, 2026
Related: Visa Direct moves stablecoin prefunding into production with Inyo Global · OKX Card brings stablecoin spending on Mastercard to most US states
Image: Tony Webster, CC BY 2.0, via Wikimedia Commons
