Infinite, Erebor launch FDIC-backed accounts for U.S. firms

Infinite and Erebor Bank on April 22, 2026, launched Infinite Accounts, a product that provides U.S. businesses dedicated bank accounts with unique routing numbers and a single API that links traditional payment rails and stablecoin minting and burning.

Erebor Bank, N.A., a newly chartered U.S. national bank and Member FDIC, supplies the deposit infrastructure. Fiat deposits held through the program may qualify for FDIC insurance up to $250,000 per depositor, per insured bank, per ownership category, subject to pass-through conditions. Stablecoins available on the platform are not bank deposits, are not FDIC-insured and can lose value.

The Infinite Accounts integration supports ACH, domestic and international wires, deposits and withdrawals, plus on-chain stablecoin flows tied to fiat funds. The platform routes transactions, runs compliance checks and reconciles activity so customers can move money across fiat and blockchain networks without maintaining multiple banking relationships or separate crypto infrastructure vendors.

Infinite designed the product for payroll providers, treasury platforms and merchant systems that need both conventional payment rails and stablecoin settlement. A payroll company can fund an account and pay contractors via ACH or an on-chain stablecoin from the same balance. A treasury platform can accept fiat, mint stablecoins and use on-chain settlement for cross-border transfers.

The offering includes embedded KYC and AML monitoring, business verification, AI-driven workflows, fraud prevention and customer lifecycle management. Infinite delivers the product through a Merchant Developer model that lets third-party platforms, developers and merchants embed Infinite’s APIs and SDKs and offer banking and stablecoin capabilities under their own brand without holding customer deposits or maintaining direct bank relationships. Infinite Agents, Inc. does not hold, control or take custody of customer funds.

Erebor was founded by Palmer Luckey, chartered by the Office of the Comptroller of the Currency and opened for business earlier in 2026. The bank has backing from Founders Fund, Haun Ventures, 8VC and Lux Capital. Erebor has integrated with blockchain networks such as Sui for direct stablecoin deposits and withdrawals and offers crypto-collateralized lending and 24/7 blockchain settlement alongside conventional banking services.

Nikhil Srinivasan, Infinite’s chief executive and a former Coinbase and Sardine employee, said, “We built Infinite to make stablecoin payments as easy, if not easier, to adopt as any other payment method.” Srinivasan co-founded Infinite with CTO Raj Lad. A current list of supported stablecoins and technical details are available on Infinite’s website.