Key points to remember:
- Infinite launched Infinite Accounts on April 22, 2026, combining fiat and stable coin rails in a single API.
- Erebor Bank, NA, offers FDIC-insured deposits up to $250,000, while stable coins carry distinct risks.
- CEO Nikhil Srinivasan, ex-Coinbase, is targeting payroll, treasury and merchant platforms with this product.
Nikhil Srinivasan’s Infinite launches dedicated bank account merger Stablecoins and traditional rails
The product is powered by Erebor Bank, NA, a newly chartered U.S. national bank and Member FDIC. Fiat deposits held under the program may be eligible for FDIC insurance up to $250,000 per depositor, per insured bank, and 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 transferred money via fiat currencies and stable coin rails generally managed separate banking relationships, crypto infrastructure providers and compliance providers. Infinite brings them together into one platform. The complexity shifts to the backend. Customer workflow remains clean.
With a single integration, businesses get deposit accounts with full transactional capabilities: ACH, domestic and international wire transfers, deposits, withdrawals, more stable coin mint and burn related to fiat funds and on-chain feeds across supported mediums blockchain networks.
A payroll company can pay contractors via ACH or on-chain stable coin from the same funded account. A treasury platform can receive fiat and programmatically convert it into stable coins for cross-border settlement. The platform handles routing, compliance checks, and reconciliation behind the scenes.
“We built Infinite to make stable coin payments are as easy, if not easier, to adopt than any other payment method,” remarked Nikhil Srinivasan, CEO of Infinite. “Real bank accounts, real payment rails and stable coin capabilities, all through a single 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. These backgrounds appear in the product. Infinite Accounts includes built-in KYC/AML monitoring, trade 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 functionality to their own end users under their own brand, without building payment infrastructure or managing direct banking relationships.
Erebor Bank, NA is licensed by the Office of the Comptroller of the Currency and was founded by Palmer Luckey, co-founder of Anduril Industries. The bank is backed by Peter Thiel’s Founders Fund, Haun Ventures, 8VC and Lux Capital, and is valued at several billion dollars. It opened earlier in 2026 and is positioned as a banking layer for the innovation economy, serving crypto-native businesses, 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 cryptocurrency-backed loans 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 FDIC-insured depository infrastructure without becoming a bank itself. Infinite Agents, Inc. is a financial technology company and does not own, control or handle customer funds.
Infinite operates in over 170 countries in select settings and can be accessed at infinite.dev. A current list of supported stablecoins is available on the company’s website.
The launch reflects a broader dynamic in regulated crypto-banking hybrids, where institutional-grade stablecoin services are built on top of chartered bank infrastructure rather than around it.
