Update
PNC Bank Introduces USDC Payments to Corporate Clients
PNC Bank has introduced a new service allowing eligible corporate clients to receive USDC stablecoin payments and convert them directly into U.S. dollars. The service uses payment infrastructure provided by Coinbase, with PNC responsible for the banking relationship and associated treasury management services. Incoming USDC is converted into U.S. dollars at a 1:1 rate and deposited into the client's PNC account.