BlockBeats news, November 9th, Coinbase posted on social media that eligible PNC corporate clients can now receive USDC payments, with the funds deposited into their PNC accounts in USD. Coinbase summarized this outcome as "receive USDC, deposit USD".
Earlier, Coinbase's developer platform wrote that PNC's corporate and institutional clients can now receive USDC payments, with Coinbase Payment APIs automatically converting USDC to USD and transferring it to PNC via bank wire, credited as a regular bank deposit. The platform stated that this is providing infrastructure for stablecoin adoption.
