Deep Tide TechFlow News, April 22, according to The Block, B2B stablecoin technology provider Infinite has launched Infinite Accounts, offering bank account services for businesses to support deposits, withdrawals, ACH, domestic and international wire transfers, as well as stablecoin minting, burning, and on-chain transfers, accessible through a single API. The service is supported by Erebor Bank, which recently obtained a license for traditional banking infrastructure. Infinite states that fiat currency balances in accounts may be covered by FDIC insurance, while stablecoin balances are not. This move comes at a time when institutional stablecoin adoption is continuing to heat up.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin