PNC to offer stablecoin payments to clients in Coinbase partnership

Advertisement Business PNC to offer stablecoin payments to clients in Coinbase partnership 09 Nov 2026 10:07PM Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST. Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST Nov 9 : PNC Bank is working with cryptocurrency exchange Coinbase to let corporate and institutional clients receive payments in stablecoin, as financial firms continue to test dollar-backed cryptocurrency tokens. Eligible PNC clients will be able to receive payments in Circle's USDC stablecoin, which will then be automatically converted to US dollars. The companies said the service will provide businesses quicker access to funds and improve the speed of cross-border transactions, since stablecoins can be sent and received almost instantly. “Right now, this is about testing and learning with our clients and helping explore which of those potential features of the stablecoin are a benefit,” said Tom Lang, head of treasury management product and operations at PNC. “I think that's why we see it as such a great place to start.” PNC last year tapped Coinbase to offer crypto trading to the bank's customers, using Coinbase's institutional "crypto-as-a-service" platform. The Pittsburgh-based financial institution also said it would offer banking services to Coinbase. CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less “Big picture, this is really part of a broader story about convergence between [traditional finance] institutions and crypto and stablecoin infrastructure,” said Alec Lovett, head of infrastructure products at Coinbase. The service will initially be offered on a limited basis as part of a pilot program, the companies said. Source: Reuters Newsletter Week in Review Subscribe to our Chief Editor’s Week in Review Our chief editor shares analysis and picks of the week's biggest news every Saturday. Sign up for our newsletters Get our pick of top stories and thought-provoking articles in your inbox Subscribe here Get the CNA app Stay updated with notifications for breaking news and our best stories Download here Get WhatsApp alerts Join our channel for the top reads for the day on your preferred chat app Join here Advertisement Also worth reading Content is loading... Advertisement Expand to read the full story Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST