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Eligible participants can use the stablecoin for transactions, marking another step in tying regulated banking to on-chain settlement. The move matters because it brings a top-tier U.S. bank into stablecoin payments, potentially broadening USDC's institutional use beyond crypto-native firms. Watch for which corporate clients join the pilot, whether volumes scale beyond testing, and whether peer banks follow with similar Coinbase integrations.

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PNC Bank, Coinbase (COIN), USDC

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