PNC Bank Launches Stablecoin Payments for Corporate Clients

• PNC Bank is piloting USDC payment acceptance for corporate and institutional clients.
• The pilot allows eligible clients to accept USDC on Ethereum.
• Each USDC token is converted to one US dollar before deposit.
• PNC Bank is working with Coinbase to facilitate these stablecoin payments.
• The partnership aims to offer stablecoin payments to corporate clients.