B2B stablecoin tech provider Infinite rolls out banking services powered by Thiel-backed Erebor Bank
Infinite launches banking services integrating fiat and stablecoin transactions, supported by Erebor Bank.Summary
B2B stablecoin technology provider Infinite has launched a new banking service called Infinite Accounts. These accounts offer dedicated bank accounts with unique routing numbers that natively support both traditional fiat payment rails and stablecoin transactions through a single API integration. This means businesses can conduct deposits, withdrawals, ACH, and wire transfers alongside stablecoin functionalities like minting/burning and on-chain transfers. The service aims to simplify stablecoin adoption for businesses by acting as an "enablement layer." Fiat balances may be FDIC insured, but stablecoin balances are not. Infinite Accounts are powered by Erebor Bank, a recently chartered U.S. national bank founded by Palmer Luckey and backed by investors including Thiel's Founders Fund and Andreessen Horowitz, which is focused on supporting crypto use cases.
(Source：The Block)