Coinbase has enabled a service that lets eligible PNC business clients accept USD Coin (USDC) payments and receive dollar deposits, linking stablecoin payments with their bank accounts.
Coinbase announced the capability Nov. 9. Its Payment APIs handle the conversion into dollars, then route the proceeds to PNC by bank wire. The client’s account is credited with a conventional dollar deposit, rather than USDC. Access is limited to eligible business and institutional clients.
The rollout follows a strategic partnership PNC and Coinbase announced in July 2025. At the time, PNC said it planned to use Coinbase infrastructure to develop crypto access for its clients.
The companies have not disclosed how many clients can use the service, what it costs or how long deposits take. They have also not announced a date for wider access or reported measured results.
