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Wallets for Teams

When a business grows beyond a single person, wallet management gets more complex. Teams need to send payments, track balances, and interact with integrations—but without relying on one individual’s device or private key. That’s where multi-user wallet setups come in. The article below explains how businesses can securely manage stablecoin wallets with multiple team members involved.

The problem with single-user wallets​

Most basic wallets—like MetaMask or Trust Wallet—are designed for individual users. They rely on one device and one seed phrase, which means:

  • There’s no way to give others controlled access
  • There’s no protection against mistakes or theft
  • If one person loses their keys, the whole wallet is compromised

Single wallets may work for freelancers or solo operators, but it breaks down quickly for businesses that need team-based access or separation of duties.

Multi-user wallet solutions​

There are a few ways to set up wallets for teams, depending on how much control and security you need.

1. Multisig Wallets​

Multisig (multi-signature) wallets require multiple people to approve transactions. For example, a 2-of-3 setup might require two out of three team members to approve any transfer.

Popular options:

  • Gnosis Safe (Ethereum and compatible chains)
  • Safeheron, Kirobo, or MultiSafe for more advanced setups

Multisig wallets are ideal for:

  • Businesses with finance or treasury teams
  • Joint custody of large reserves
  • Internal controls and audit compliance

2. Role-based wallet platforms​

Some wallet providers offer enterprise tools where different users can be assigned roles (e.g., admin, viewer, sender) without sharing private keys.

These platforms often include:

  • Team dashboards
  • Approval workflows
  • Transaction logs
  • Support for stablecoins across multiple chains

Examples include Fireblocks, Qredo, and Casa for Business.

3. Wallet-as-a-Service (WaaS)​

If you're building your own app or platform and need to issue wallets to multiple users or team members, WaaS providers let you embed wallet functionality with built-in access controls and security features.

These are popular with:

  • Fintech and DeFi apps
  • Platforms offering crypto payments or rewards
  • Companies managing wallets at scale

Best practices for team wallets​

  • Use separation of roles: Don’t give full access to everyone. Use multisig or role-based controls to distribute responsibility.
  • Document access policies: Keep track of who has access to what, and how transactions are approved.
  • Regularly review permissions: As teams change, so should your wallet access list.
  • Back up keys securely: Use secure, offline backups for any master keys involved in wallet setup or recovery.

Final thoughts​

Team wallets bring accountability and structure to stablecoin operations. Whether you're paying contractors, managing a treasury, or integrating crypto into your product, a well-designed wallet setup keeps your funds secure and your workflows efficient.

Next up:​

  • Custody Options – Compare self-custody, shared custody, and third-party solutions
  • Popular Wallet Brands – Explore wallets that support team use, multisig, or enterprise controls
  • Handling Business Funds – Organize your payment flows and wallet structure with stablecoins