PNC Bank 
PNC started making incoming USDC 
USDC payments available to its corporate and institutional banking clients through a partnership with Coinbase Global's 
COIN, the company said Monday.
In early trading, PNC PNC stock climbed 2.3% and Coinbase COIN stock rose 1.5%.
The offering complements PNC's established faster payments capabilities and reflects its focus on responding to evolving client needs with a broad range of immediate payment options, the bank said.
With the new capability, PNC PNC corporate and institutional banking customers can receive payments in USDC, a dollar-backed stablecoin, on the Ethereum blockchain, powered by Coinbase Payment products.
PNC is initially offering the service on a limited basis to eligible clients as part of a pilot program. As the use of stablecoins continues to evolve, the bank said it will help clients understand and evaluate emerging payment technologies and how they may fit within their broader treasury strategies.
