PNC Bank is working with Coinbase to let its corporate and institutional clients receive payments in USDC, with the stablecoins automatically converted into U.S. dollars, according to Reuters reporting cited by Foresight News on November 9, 2026.
The service is set to begin as a limited pilot. PNC and Coinbase said it could give businesses faster access to funds and speed up cross-border transactions. Those benefits were presented as the companies’ expectations, not as independently established results.
Tom Lang, PNC’s head of treasury management products and operations, said the current focus is on testing with clients and exploring which stablecoin features have practical value.
PNC had previously used Coinbase’s institutional crypto-as-a-service platform to offer cryptocurrency trading services to clients. The planned payment pilot would allow clients to accept USDC payments while receiving dollars through automatic conversion.
Original publication: November 9, 2026, at 22:15:47 (UTC+8).
Source: Foresight News, citing Reuters.