In a tie up with Coinbase, PNC Bank says it now supports incoming USDC stablecoins for corporate and institutional clients as part of a pilot program. This represents an expansion of its Coinbase relationship after a July 2025 partnership in which PNC agreed to offer clients crypto trading via Coinbase and to provide banking services to the exchange. The first product, bitcoin trading for private bank clients, launched last December.
“Our clients are continually looking at new ways to interact and transact with customers, suppliers and business partners,” said Tom Lang, head of Treasury Management Product and Operations at PNC Bank. “This solution gives us an opportunity to support our customers with innovative capabilities, backed by the banking experience, risk management and expertise clients expect from PNC.”
Incoming stablecoins will be automatically converted into fiat and deposited in the client’s bank account. That mechanism matters because it effectively means the client never touches the stablecoins. If an institution wanted to hold stablecoins, a bank could potentially help with custody, but it can’t help with accounting.
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