DAOs, protocols, and on-chain orgs hold billions in stablecoins — and most of it sits idle in a multisig, earning nothing while it waits to be spent. Mintware keeps that USDC fully spendable at par, while the capital works. Never idle, never locked, always yours.
On-chain treasuries have done the responsible thing — diversified into stablecoins to survive the volatility of their native token. But that safety comes at a price: parked in a multisig, those stablecoins earn ~0% while inflation and runway quietly erode them. The moment a treasury tries to fix it — lending, LPing, staking — it trades away the one property it needed most: instant, unconditional access to spend. Yield or liquidity. Pick one, pay for the other.
Stablecoins sit in a Safe waiting to be spent on contributors, grants, and vendors. Idle at ~0%, that runway is dead weight — earning nothing while the org burns it down.
Locking treasury into CDs, lending, or LP positions earns yield — but behind withdrawal windows, unwinding, gas, and price risk. A treasury needs to move on governance’s timeline, not a protocol’s.
Native-token-heavy treasuries are one bad quarter from a runway crisis. Stablecoins fix that — but only if the org isn’t punished with 0% for holding them.
A worked example, not a quote. Take a mid-size treasury holding $10M in stablecoins for runway.
left on the table by a single $10M treasury — at no loss of liquidity. Across the ~$4.5B in stablecoins DAOs hold today, an illustrative 5% is on the order of $225M/yr the ecosystem forgoes for sitting still.
Illustrative only. 5% sits inside the sourced ~3.5–9% range stablecoin lending has paid across Aave, Morpho, Compound, and Spark in 2025 — it is a model of opportunity cost, not a rate Mintware offers or guarantees. Protocol-native yield varies with market conditions.
Mintware turns the idle-vs-liquid trade-off into a non-choice. Your treasury’s USDC stays spendable at par — cards, USDC settlement, vendor payouts — while the capital keeps working underneath. A spend is a hold against the earning position, then a settle. Capital never has to un-park to be used.
The senior balance behaves like a dollar and stays 1:1 spendable, while the capital earns protocol-native yield from the pools it backs — Aave rehypothecation plus just-in-time V4 liquidity and recaptured MEV. No unwinding, no withdrawal window, no cashing out to pay a vendor.
Mintware never takes custody. Funds live in your own wallet or in autonomous, audited contracts — and the model fits how treasuries already operate: Safe as the signer, keys with your council. No handing the treasury to an exchange or a yield desk.
Community/senior capital is price-free — par, USDC-spendable — while a junior first-loss tranche absorbs the volatility. Redemption is solvency-aware: par while covered, fair pro-rata in the tail. The market moves land on the tranche built to take them, not on your operating balance.
Payouts and card spend settle in USDC over Circle / Arc rails, with CCTP bridging across chains and a regulated card partner carrying the fiat leg. Mintware never touches fiat — licensed partners do. Your treasury pays contributors and vendors without leaving the dollar.
No magic — just where the risk is placed and who holds the keys. Here’s the real shape.
Custody, solvency, and settlement are where treasuries get burned. So we built the proof first, and we show it.
On-chain treasuries are growing and diversifying into stablecoins for stability — while stablecoins have become a genuine settlement layer, moving $33T in 2025, more than Visa. Idle capital that could earn, meeting real-world spend that’s moving on-chain: that intersection is exactly the gap Mintware fills. Crypto-linked card spend alone grew past 100% year over year to roughly an $18B annualized run-rate by late 2025.
~60% of large DAOs now run diversification strategies — stablecoins and real assets, not just native tokens.
$33T settled in 2025 (+72% YoY); Citi projects up to $4T in supply by 2030.
Crypto-linked card spend ≈ $18B annualized, +100%+ YoY — with Visa carrying 90%+ of it.
Mintware is building the treasury that earns while it stays spendable — non-custodial, multisig-friendly, no lockups. Explore the vision, watch the loop run on-chain, or come talk to us about your treasury.
1. DAO treasury value (~$24.5B, 2025) & stablecoin share (~18%): DeepDAO / CoinLaw DAO Treasury Holdings Statistics, 2025.
2. Stablecoin settlement volume ($33T, 2025, +72% YoY) & supply projections: Arkham / CEX.IO / Citi 2025 stablecoin research.
3. Safe (Gnosis Safe) multisig scale ($100B+ TVL, 10M+ accounts): Safe / DeFiLlama / CoinGecko, 2025.
4. Stablecoin lending yield (~3.5–9%; Aave v3 USDC 2025 avg ~5.9%): RebelFi / Spark / earnpark Aave guides, 2025–26. Illustrative, not a Mintware rate.
5. Crypto-linked card spend (~$18B annualized, +100%+ YoY; Visa 90%+): CoinDesk / insights4vc / Artemis, 2025–26.