Infinite, Erebor Bank Launch Accounts for Fiat and Stablecoins

Infinite and Erebor Bank on Wednesday introduced Infinite Accounts, a product that combines traditional U.S. bank accounts and stablecoin capabilities under a single API integration. Each Infinite Account has a dedicated routing number and supports deposits, withdrawals, ACH and domestic and international wire transfers alongside stablecoin minting, burning and on-chain transfers.

Infinite, which provides infrastructure for business-to-business stablecoin adoption, said the single integration will handle both fiat rails and stablecoin flows so a company can send ACH or a stablecoin payment from the same account and programmatically convert fiat deposits into stablecoins. Infinite is not a bank; Erebor Bank, a recently chartered U.S. national bank, will provide the traditional banking services that back the accounts.

The account structure routes and tracks fiat and stablecoin activity to the same account and routing number. Infinite noted that fiat balances held in these accounts may be eligible for FDIC insurance while stablecoin balances are not covered by FDIC protection. The firms said regulatory and custody arrangements will vary by customer and jurisdiction.

Nikhil Srinivasan, Infinite’s chief executive, described the product as a single platform that lets businesses integrate real bank accounts, payment rails and stablecoin functions into existing workflows. The companies said the product is aimed at treasury systems, payroll providers and payment platforms that want programmatic control over conversions and transfers between fiat and stablecoins.

Erebor Bank was founded by Palmer Luckey and is backed by investors including Founders Fund and Andreessen Horowitz. The bank has presented itself as a technology-friendly national bank that will support crypto-related services.

The launch follows rising institutional interest in stablecoins after regulatory changes last year, including passage of the GENIUS Act. Other fintech firms have introduced APIs and software development kits to speed stablecoin integrations, and some payment platforms have added support for large market stablecoins.

The announcement did not include pricing, the identity of stablecoin custody providers or a full list of jurisdictions where on-chain transfers will be supported. Infinite said those details will depend on customer needs and local rules.