PNC Launches USDC Payments Pilot With Coinbase
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The arrangement pairs a top-10 U.S. bank with the largest U.S. crypto exchange and the second-largest dollar-pegged stablecoin, whose market capitalization stands near $60 billion. It matters because it embeds stablecoin settlement directly into traditional bank deposit infrastructure rather than routing corporate treasuries through separate crypto accounts. The pilot's scope remains limited to eligible clients and a single chain, so watch for expansion to additional stablecoins or networks and for disclosed transaction volumes as adoption is tested.
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Named in this story
PNC, Coinbase (COIN), USDC, Ethereum (ETH)
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