Coinbase and PNC Bank have expanded their partnership to let eligible corporate and institutional clients receive payments in the USDC stablecoin, according to an announcement on Monday.
Under a pilot program, PNC will automatically convert incoming USDC payments into U.S. dollars at a 1-to-1 rate before depositing funds into clients' designated PNC accounts. The service combines Coinbase Payment APIs with PNC's banking and treasury management services, allowing businesses to accept stablecoin payments without holding digital assets.
PNC said the new capability complements faster-payment options already available to corporate clients. Coinbase supplies the underlying payment technology, while PNC manages banking relationships and conversion. The initial rollout is limited to eligible customers, with no broader availability schedule announced.
The partnership builds on a relationship that began in July 2025, when PNC agreed to use Coinbase's Crypto-as-a-Service platform and provide selected banking services to the exchange. In December 2025, PNC began offering spot bitcoin trading to eligible private banking clients. Coinbase has also expanded stablecoin-related banking integrations with Citi in September 2026 and with Moov, which supports systems used by more than 1,000 community banks and credit unions.
