Coinbase, PNC Bring USDC Payments Directly Into Business Bank Accounts
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Coinbase and PNC Bank are extending their partnership to help businesses accept USDC payments and receive the funds in U.S. dollars. Under the arrangement, Coinbase handles incoming payments and converts the stablecoin into dollars before PNC credits the money to clients’ bank accounts.
The pilot uses Coinbase Payment APIs to exchange USDC for dollars at a 1:1 rate. Businesses can therefore receive stablecoin payments without having to hold USDC or arrange the conversion themselves. For
The pilot uses Coinbase Payment APIs to exchange USDC for dollars at a 1:1 rate. Businesses can therefore receive stablecoin payments without having to hold USDC or arrange the conversion themselves. For
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