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PNC Bank tests turning USDC payments into dollar deposits

CointelegraphBy Cointelegraph by Nate Kostar

11/9/2026, 5:48:35 PM

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PNC Bank tests turning USDC payments into dollar deposits — Photo / Coverage: CointelegraphCredit: Cointelegraph by Nate Kostar

EXECUTIVE SUMMARY

The pilot lets eligible corporate and institutional clients accept USDC on Ethereum, with each token converted to one US dollar before deposit.

Key Takeaways

PNC Bank tests turning USDC payments into dollar deposits.
The pilot lets eligible corporate and institutional clients accept USDC on Ethereum, with each token converted to one US dollar before deposit.
The pilot lets eligible corporate and institutional clients accept USDC on Ethereum, with each token converted to one US dollar before deposit.

The pilot lets eligible corporate and institutional clients accept USDC on Ethereum, with each token converted to one US dollar before deposit.

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