PNC pilot accepts USDC payments on the Ethereum network via Coinbase Payments

Odaily Planet Daily News: PNC Bank has launched a limited pilot program, allowing eligible business and institutional clients to receive USDC payments on the Ethereum network through Coinbase Payments. Funds will be automatically converted into U.S. dollars and deposited into designated PNC accounts, without clients needing to hold USDC. PNC states this service aims to accelerate fund arrival and improve cross-border payment efficiency. The bank did not disclose related fees, settlement time benchmarks, or the number of participating clients. (Cointelegraph)