# PNC and Coinbase Will Pilot USDC Payment Receipts for Eligible Clients

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/53042
Published: 2026-11-10T11:45:23.000Z
Updated: 2026-11-10T11:45:23.000Z
Section: Business

> The limited rollout will convert payments into dollars and test which stablecoin features business and institutional customers find useful.

PNC Bank and Coinbase will pilot a payment service using Circle-issued USD Coin (USDC) for eligible businesses and institutions, automatically converting incoming payments into dollars as they arrive.

PNC and Coinbase say the service is intended to help businesses access funds sooner and speed cross-border settlement. The initial rollout will be limited to a small pilot for eligible business and institutional customers. Tom Lang, PNC's head of treasury management products and operations, said the test will help PNC and its customers identify which stablecoin features are useful.

The arrangement links a payment made in USDC to dollar proceeds: the funds are exchanged after receipt, so clients do not have to retain USDC from the payment. The pilot applies stablecoins to incoming payments while delivering the proceeds in dollars.

PNC already has a crypto and banking relationship with Coinbase. Last year, PNC used Coinbase's Crypto-as-a-Service platform to offer crypto trading to its customers and provided banking services to Coinbase. The pilot adds payment receipts and automatic conversion to that relationship.