- What is Plaitr?
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- Plaitr is the finance stack for web3 teams. One account holds your stablecoins alongside USD, EUR, GBP and AED, pays contributors and vendors in 90+ countries, runs payroll, moves between stablecoin and fiat at mid-market, and posts every movement to a ledger as it settles. The treasury stays in a self-custodial smart account your company owns, so Plaitr never holds your funds or your keys.
- Who is Plaitr for?
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- Teams whose money is on-chain and whose costs are not: protocols, foundations and DAOs paying contributors and grantees; crypto-native startups and infrastructure companies that raised in stablecoins and pay vendors in fiat; funds, market makers and trading desks running several entities; and validators, miners and node operators earning on-chain while paying hosting and hardware invoices in local currency.
- Can I convert USDC to USD and send it to a bank account?
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- Yes. Your Plaitr account has its own wallet address, so stablecoins arrive directly with no claim step, and the balance sits next to your fiat. Convert at mid-market with no spread, then pay out over ACH, wire, SEPA, Faster Payments or local UAE rails. There is no personal exchange account anywhere in the path, which is the step most teams are trying to get rid of.
- Can I pay contributors in their local currency?
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- Yes. Pay in stablecoin if the contributor wants stablecoin, or in their local currency if they want that instead, both from the same balance. Payouts reach 90+ countries and 30+ currencies, one at a time, by CSV upload, or over the API. Stablecoin payouts are gasless on every plan: Plaitr pays the network fee rather than passing it on.
- Can Plaitr run payroll for a distributed team?
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- Yes. Payroll and bulk payouts run from the same balance the money arrived in, on a saved group or a CSV, across countries and currencies in one run. Plaitr is not an employer of record and does not file payroll taxes on your behalf; it moves the money and records it, and your employment and tax obligations stay with you and your advisers.
- Does Plaitr replace our multisig?
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- No, it is the same kind of thing and you keep the control model. Your balance sits in a Squads smart account on Solana that your company owns, with signing thresholds enforced by the smart contract itself rather than by Plaitr's policy engine. What Plaitr adds is the half a multisig cannot do on its own: fiat accounts, local payout rails, payroll, approvals across entities, and books that reconcile as the money moves.
- Who holds our money?
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- You do. Plaitr is self-custodial and holds no customer funds at any point, including in transit. On-chain balances sit in a Squads smart account owned by your business, and transactions are signed from Privy embedded wallets held by the signers you authorize. Signature thresholds are enforced by the smart contract, so Plaitr cannot initiate, alter, release or reverse a payment, and never stores or controls a private key. There is no admin override and no support path that moves your money without your signers. Each signer's key is split two ways, with one share sealed in a secure enclave and one that unlocks only with their own login, and any signer can export their full private key at any time in standard Solana format and use it in any wallet. If Plaitr stopped operating, the account stays live on Solana and your team can move funds by interacting with the contract directly. Fiat accounts and local rails are provided by licensed partner institutions, which hold the fiat leg under their own licensing and custody.
- How does the accounting work for on-chain activity?
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- The records follow the money. Because the payment goes through Plaitr, the transaction and the financial record are created together: transfers, conversions, payouts and incoming stablecoin all post to the ledger as they settle, with the counterparty, the rail and the applied rate attached. Records export to Xero, QuickBooks, NetSuite and CSV. Plaitr is software, not a bookkeeping service, and does not file your returns or prepare your tax positions.
- Which stablecoins and networks does Plaitr support?
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- USDC on Ethereum, Base, Arbitrum and Solana, plus USDT on Tron and Solana. All of them run in both directions, so you can be paid on whichever network a counterparty already uses and pay out on whichever one they ask for. Tron matters specifically because it is the rail suppliers and contributors across Asia, Africa and LATAM quote by default. Transfers between networks run over Circle's CCTP, so the USDC you end up with is issued by Circle rather than held by a bridge.
- Is Plaitr a bank, and is our money insured?
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- Plaitr is not a bank and does not provide FDIC insurance. Plaitr is a financial technology company: account opening and fiat rails are delivered by licensed partner institutions in each jurisdiction, and on-chain balances sit in your own self-custodial Squads smart account. Plaitr does not hold deposits and does not hold private keys.
- What is not live yet?
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- Corporate cards and employee spend accounts are not live, because there is no issuing partner yet. Treasury products and yield are not live: Plaitr pays no interest on an idle balance today. Credit and working capital are not live. Invoicing, payment links and Stripe sync are shipping soon. Everything else described on this site — accounts, stablecoin in and out, payouts, payroll, approvals and automatic reconciliation — is live today.
- Do we need to be incorporated anywhere specific?
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- No single jurisdiction is required, and no US entity, US address or SSN is needed. Plaitr serves companies and foundations in most markets, and availability depends on a partner institution covering yours. Eligibility is answered at the start of onboarding rather than three weeks in, and Plaitr may decline or pause service where a partner or the law requires it.