[PNC Partners with Coinbase to Launch USDC Payment Service] According to Reuters, PNC Bank announced a partnership with Coinbase to allow eligible corporate and institutional clients to receive payments in the Circle-issued USDC stablecoin, which is automatically converted to US dollars upon arrival. Both parties stated that the service can help businesses access funds faster and expedite cross-border transaction settlements. The service will initially be rolled out on a small, pilot basis. Tom Lang, Head of Products and Operations at PNC's Treasury Department, said the current goal is to test with clients to see which features of the stablecoin are useful. PNC already offered cryptocurrency trading to clients through Coinbase's "Crypto-Service" platform last year and provides banking services to Coinbase.