On the 9th, leading U.S. cryptocurrency exchange Coinbase and major U.S. bank PNC announced the launch of a trial program enabling PNC's corporate and institutional banking clients to receive payments in USDC, a stablecoin backed by the U.S. dollar. The received USDC is automatically converted to U.S. dollars at a 1:1 ratio and deposited into designated PNC accounts.
The trial is driven by the interest of companies exploring the use of stablecoins for transactions...
