PNC Bank announced a partnership with Coinbase to let eligible corporate and institutional clients receive payments in Circle-issued USDC, with incoming funds automatically converted into U.S. dollars, according to an Odaily report published on November 9, 2026, at 22:13:36 (UTC+8).
The service was set to begin as a limited pilot. Tom Lang, PNC’s head of treasury management products and operations, said the pilot was intended to test stablecoin functionality together with clients.
The arrangement builds on an existing relationship: PNC had begun offering clients cryptocurrency trading through Coinbase’s “Crypto-as-a-Service” platform the previous year and also provided banking services to Coinbase.