According to The Block, B2B stablecoin technology provider Infinite has launched Infinite Accounts, offering businesses a bank account service that supports deposits, withdrawals, ACH, domestic and international wire transfers, as well as stablecoin minting, burning, and on-chain transfers—all accessible through a single API. The service is underpinned by traditional banking infrastructure provided by Erebor Bank, which recently received its regulatory license. Infinite states that fiat balances in the accounts may be eligible for FDIC insurance, while stablecoin balances are not. This move comes as institutional adoption of stablecoins continues to gain momentum.
Infinite Launches Bank Account Service with Fiat and Stablecoin Transfers, Backed by Erebor Bank
TechFlowShare
Summary
Infinite has launched Infinite Accounts, a business banking service supporting fiat and stablecoin transfers. The offering includes ACH, wire transfers, and on-chain operations such as minting and burning. Erebor Bank powers the service, providing traditional banking infrastructure. On-chain news highlights the integration of stablecoin functionality with fiat banking. Crypto news reports that FDIC insurance may cover fiat balances but not stablecoins. Institutional interest in stablecoins is growing.
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