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 Reuters reporting cited by ChainCatcher on November 9, 2026.
The service will initially launch as a limited pilot. The companies said it could help businesses receive funds faster and accelerate settlement of cross-border transactions. Those benefits were presented as the companies’ expectations, rather than demonstrated pilot results.
Tom Lang, PNC’s head of treasury management products and operations, said the aim at this stage was to test the service with clients and determine which stablecoin capabilities they find useful.
The partnership builds on an existing relationship. In the year before the report, PNC had begun offering clients cryptocurrency trading through Coinbase’s crypto-as-a-service platform. PNC also provided banking services to Coinbase.
Original publication: November 9, 2026, at 22:18:05 (UTC+8).
Source: ChainCatcher, citing Reuters.