Infinite Launches Dedicated Bank Accounts for Stablecoin and Fiat Payments

Infinite has launched a new program that provides dedicated bank accounts for both traditional payment rails and stablecoin networks. This program aims to simplify the process of making payments in fiat and stablecoins, allowing businesses to integrate with Infinite's platform through APIs.

The accounts are provided by Erebor Bank, N.A., Member FDIC, and offer a range of features including deposit accounts, ACH, domestic and international wire transfers, and stablecoin functionality. The program also supports stablecoin mint and burn in connection with fiat funds, on-chain and off-chain transaction flows across supported blockchain networks, and intelligent routing across traditional payment rails.

The program is designed to collapse the complexity of multiple banking relationships, compliance vendors, and crypto infrastructure providers into a single experience. This means that businesses can pay contractors via ACH or on-chain stablecoin from the same funded account, and receive fiat deposits and programmatically convert to stablecoins for cross-border settlement.