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 Corporate Clients Accept USDC Payments in New Coinbase-Powered Pilot appeared first on Unchained.
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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.
