GLOSSARY

HiFi

HiFi — HiFi is a US-licensed money-services business that provides banking-as-a-service infrastructure for fintechs — including USD deposit accounts (with FDIC pass-through via partner banks), ACH rails, USD-to-stablecoin conversion, and crypto on/off-ramp.

Last updated: 2026-04-29

In depth

HiFi sits between fintech apps and the regulated banking world. Customers see the fintech's app; HiFi handles money-transmitter licensing, partner-bank relationships, ACH execution, and the regulated USD ↔ stablecoin conversion leg.

HiFi is a US-licensed money-services business that gives fintechs banking-as-a-service infrastructure — USD deposit accounts, ACH rails, and compliant USD ↔ stablecoin on/off-ramp — in a single stack.

How Kronos uses HiFi

HiFi is Kronos's USD ↔ stablecoin money-movement partner. USD deposits → FDIC-insured partner banks. USD ↔ USDC conversion and ACH → executed via HiFi. Crypto buy/sell is brokered through our licensed exchange partners and settles to your non-custodial, on-device wallet — HiFi never holds your coins.

Frequently asked

Is your money-movement partner regulated?

Yes. Our partner HiFi is a US-licensed money-services business, and USD sits at FDIC-insured pass-through arrangement with partner banks.

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