Stablecoin providers are increasingly partnering with traditional banks to integrate blockchain-based payments into corporate banking systems. PNC Bank’s expanded partnership with Coinbase, announced on November 9, allows eligible corporate clients to receive payments in USDC that are automatically converted into dollars and deposited into their existing bank accounts. This model lets businesses benefit from blockchain payment rails without managing stablecoins or digital wallets.
On November 10, Anchorage Digital launched a partnership with Lydian, creating a new competitive dynamic among banks, payment networks, and crypto companies. The goal is to make digital dollars useful without requiring businesses to become cryptocurrency users. Samsung, Stripe, and Circle have also collaborated to integrate stablecoin functionality into Samsung’s digital wallet, reaching over 80 million consumers.
Walmart-backed OnePay now allows customers to deposit stablecoins into their checking accounts, and Mastercard-powered OKX Card is available in most U.S. states. These partnerships aim to connect blockchain-based payments to existing financial workflows, shifting the complexity to financial providers. The focus is on providing payment capabilities rather than selling digital assets directly.
A PYMNTS Intelligence report found that 70% of credit union members have limited awareness of stablecoins. Anchorage Digital Co-Founder and CEO Nathan McCauley emphasized the importance of being a regulated counterparty that enables the industry, rather than forcing companies to become crypto banks themselves.
The enterprise treasury opportunity for stablecoins extends beyond payment speed. Cross-border B2B transfers are a major use case, but the real value lies in reducing the amount of cash businesses need to keep available. Stablecoins offer the possibility of moving value outside conventional banking hours, but conversion and compliance processes introduce additional steps and costs.