PNC Bank has partnered with Coinbase to launch a USDC payment collection service for eligible corporate and institutional clients, allowing them to receive stablecoin payments that are automatically converted to U.S. dollars upon arrival. The service aims to accelerate fund receipt and cross-border transaction settlement for businesses. The offering will initially roll out as a small-scale pilot program. Tom Lang, PNC's head of treasury management products and operations, stated the current goal is to test with clients and identify which stablecoin features prove most useful. This follows PNC's existing relationship with Coinbase, which includes cryptocurrency trading access through Coinbase's "Crypto-as-a-Service" platform launched last year, as well as banking services provided to Coinbase itself.