Key Takeaways:
- Infinite launched Infinite Accounts on April 22, 2026, combining fiat and stablecoin rails into one API.
- Erebor Bank, N.A., provides FDIC-insured deposits up to $250,000, while stablecoins carry separate risks.
- CEO Nikhil Srinivasan, ex-Coinbase, is targeting payroll, treasury, and merchant platforms with the product.
Nikhil Srinivasan’s Infinite Debuts Dedicated Bank Accounts Merging Stablecoins and Traditional Rails
The product is powered by Erebor Bank, N.A., a newly chartered U.S. national bank and Member FDIC. 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 accessible through the platform are not FDIC-insured, are not bank deposits, and may lose value.
Before Infinite Accounts, a business moving money across fiat and stablecoin rails typically managed separate banking relationships, crypto infrastructure providers, and compliance vendors. Infinite collapses those into one platform. The complexity moves to the backend. The customer workflow stays clean.
Through a single integration, businesses get deposit accounts with full transactional capability: ACH, domestic and international wire transfers, deposits, withdrawals, plus stablecoin mint and burn tied to fiat funds and on-chain flows across supported blockchain networks.
A payroll company can pay contractors via ACH or on-chain stablecoin from the same funded account. A treasury platform can receive fiat and programmatically convert to stablecoins for cross-border settlement. The platform handles routing, compliance checks, and reconciliation behind the scenes.
“We built Infinite to make stablecoin payments as easy, if not easier, to adopt as any other payment method,” remarked Nikhil Srinivasan, CEO of Infinite. “Real bank accounts, real payment rails, and stablecoin capabilities, all through one platform that businesses can integrate into their existing workflows.”
Srinivasan co-founded Infinite with CTO Raj Lad. He previously worked at Coinbase and Sardine, two companies with deep roots in crypto compliance and fraud prevention. Those backgrounds show in the product. Infinite Accounts includes built-in KYC/AML monitoring, business verification, AI-driven workflows, fraud prevention, and Customer 360 lifecycle management.
The program is built around Infinite’s Merchant Developer model. Third-party platforms, developers, and merchants integrate via Infinite’s APIs and SDKs to offer banking and stablecoin capabilities to their own end users under their own brand, without building payment infrastructure or managing direct banking relationships.
Erebor Bank, N.A. is chartered by the Office of the Comptroller of the Currency and was founded by Palmer Luckey, the co-founder of Anduril Industries. The bank has backing from Peter Thiel’s Founders Fund, Haun Ventures, 8VC, and Lux Capital, and has been valued at multiple billions of dollars. It opened for business earlier in 2026 and positions itself as a banking layer for the innovation economy, serving crypto-native companies, startups, and high-net-worth clients in AI, defense, and advanced manufacturing.
Erebor has integrated with networks including Sui for direct stablecoin deposits and withdrawals, and offers crypto-collateralized lending and 24/7 blockchain settlement alongside conventional banking services.
For Erebor, the Infinite partnership expands its role as a regulated backend for fintech companies building stablecoin-native products. For Infinite, the relationship means an FDIC-insured deposit infrastructure without becoming a bank itself. Infinite Agents, Inc. is a financial technology company and does not hold, control, or take custody of customer funds.
Infinite operates in over 170 countries in some contexts and is accessible at infinite.dev. A current list of supported stablecoins is available on the company’s website.
The launch reflects broader momentum in regulated crypto-banking hybrids, where institutional-grade stablecoin services are being built on top of chartered bank infrastructure rather than around it.
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