According to The Block, Infinite has launched Infinite Accounts, providing businesses with a single API for bank account services, supporting deposits, withdrawals, ACH, domestic and international wire transfers, as well as stablecoin minting, burning, and on-chain transfers. Traditional banking facilities are offered by Erebor Bank, which has recently obtained a license; fiat currency balances may be insured by FDIC, while stablecoin balances are not insured. This move coincides with the rising demand for institutional stablecoins.