PNC Bank is piloting USDC payment acceptance for corporate and institutional clients through its expanded partnership with Coinbase.
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The pilot lets eligible corporate and institutional clients accept USDC on Ethereum, with each token converted to one US dollar before deposit.
USDC sent to participating PNC business clients is swapped 1-to-1 for dollars and lands in a PNC deposit account, with Coinbase running the stablecoin side. The post PNC Bank Lets...
