This wasn't a small product. $1.5B in payout volume. Zero customer churn on the payments side over three years, per CEO Tarun Gupta on The Accountant Quits podcast. Biconomy, Gitcoin, Uniswap, Balancer, ConsenSys, Messari, Zapper, EtherFi, and dozens more used it for batch payouts from Safe multisigs. The kind of product where the people building it walked away before the people using it were ready to stop.

The payments product worked fine, which is the frustrating part. Coinshift pivoted because their accounting expansion couldn't monetize, and yield-bearing stablecoins (csUSDL) looked like a bigger opportunity. Then Paxos shut down USDL, and csUSDL's total value dropped from $100M+ to around $1.9M. Both the pivot and the original product are dead.

So where does that leave you?

What Coinshift actually did (and didn't)

Coinshift handled on-chain batch payouts. Connect your Safe, load a CSV or pick recipients, batch the transactions. Worked on Ethereum, Polygon, Arbitrum. Had a decent dashboard for tracking balances across multiple Safes.

What it never built: fiat off-ramp. Every payout was wallet to wallet, stablecoin to stablecoin. If your contributors needed EUR in a bank account, that was on them. Usually through Coinbase or Kraken, manually, every month.

This matters more than people realize when you're looking at replacements, because "Coinshift replacement" can actually mean two completely different things depending on what your team was using it for:

1. On-chain batch payouts only (what Coinshift did)

2. The full flow from crypto treasury to a contributor's bank account (what Coinshift never touched but most teams actually need)

Worth knowing which one you need before comparing tools.

Your options right now

Safe UI directly

Use Safe{Wallet} at app.safe.global. Create transactions one by one. Transaction Builder can batch if you're comfortable writing JSON.

Free. You already have a Safe. The UI works.

But there's no contact list, no payment history, no CSV upload. Every transaction means opening the Safe queue and building it from scratch. If you have 20+ contributors, you're back to spreadsheets and copy-pasting addresses every month. Fine for 3-5 people. Painful beyond that.

Request Finance

The most established option. 2,000+ teams. Invoicing, batch payments, Xero and QuickBooks sync, multi-chain.

Costs $500-600/month on the Basic plan, plus 0.45-1% per transaction, plus off-ramp fees. Run the numbers for a 15-person company processing $50K/month and you're looking at $1,300-1,600/month all-in, which is a lot of money to spend on "paying your team" when you're a 15-person startup that probably doesn't want to think about payment tooling at all. MakerDAO used it and reportedly saved 120 days/year of manual admin, so for larger orgs the math works out.

Expensive for small teams though. That's usually why people ended up on Coinshift in the first place.

Sablier, Superfluid, LlamaPay

Token streaming. Set up a stream, tokens flow continuously to contributors. Good for ongoing stipends with vesting schedules.

Different model from batch payouts. If you were doing monthly lump-sum payments on Coinshift, streaming doesn't map to the same workflow. Also wallet to wallet only. Contributors still off-ramp themselves.

Altitude (by Squads)

Non-custodial payment infrastructure. USD + EUR accounts, stablecoin off-ramps through Bridge.xyz, 3-5% APY on balances. $8-12M raised, 500+ businesses on their platform.

The full flow from crypto treasury to contractor's bank account. Non-custodial. Clean UI.

One problem: Solana only. If your treasury is on Ethereum, Arbitrum, Base, or any Ethereum-compatible chain, Altitude won't work. Right product, wrong chain.

Settle OS (mine, being transparent)

I'm building this, so take what follows with that in mind.

Non-custodial payment infrastructure for Ethereum and compatible chains. You get a Safe wallet where every transaction requires your biometric approval (fingerprint or face), and the whole thing connects to a European IBAN through Monerium so SEPA transfers go straight out of the Safe without touching an exchange. Batch payments to contractor bank accounts. USDC, USDT, EURe supported. Built-in stablecoin conversion when you need to swap between them.

EUR 199/month flat. No transaction fees. No off-ramp fees.

It does the thing Coinshift never built: the full path from stablecoins in your Safe to EUR in a contractor's bank via SEPA, or USD via Wire. Batch up to 100 recipients with one biometric tap. Contact list stores IBANs so you enter them once.

Where it falls short: the product is built and verified on testnet but not in production yet. Company registration in progress (Estonia). Production contracts with Monerium and Bridge.xyz pending. No accounting integrations. No existing customers. You'd be a founding beta user shaping the product, not customer #500.

If you need Xero sync or have 100+ contributors, Request Finance is the better fit today. If you're a small crypto team (5-30 people) doing the manual Safe-to-exchange-to-bank thing every month, this is what I'm building for.

The manual grind (what most people go back to)

Open Safe. Send stablecoins to Coinbase. Wait for conversion. Withdraw EUR to your bank. Create individual SEPA transfers to each contractor. Copy-paste IBANs from a spreadsheet. Hope nobody changed banks since last month.

No subscription cost. Roughly EUR 200-750/month in exchange spreads, wire fees, and the time of whoever draws the short straw to do it. Plus 4-6 hours of that person's life every month, which they will resent. Plus the occasional EUR 3,000 bounced payment when a contractor switches banks without telling you, and you spend the next week chasing it.

Nobody chooses this. Not really. It's just what happens when the alternatives cost too much and nobody's gotten around to finding something better.

Quick comparison

Safe UI — Free. Batch possible via TX Builder but requires JSON. No contact list, no fiat off-ramp. Works if you have under 5 people.

Request Finance — $1,300-1,600/month all-in for a 15-person team. Batch payouts, fiat off-ramp, Xero and QuickBooks sync. Proven. Expensive.

Sablier / Superfluid / LlamaPay — Free or low cost. Streaming only, not batch. No fiat off-ramp. Different use case.

Altitude — Full flow including fiat off-ramp. Non-custodial. Solana only. Can't use it if you're on Ethereum.

Settle OS — EUR 199/month flat, no transaction fees. Batch payouts, fiat off-ramp, non-custodial, Ethereum + L2s. Beta (testnet). No accounting sync yet.

Manual CEX grind — EUR 200-750/month hidden costs. 4-6 hours/month. No subscription but no sanity either.

What I'd pick if I weren't building one of these

Solana team: Altitude. They've solved it.

Ethereum team with budget and 40+ people: Request Finance. Expensive but it works.

Small Ethereum team (under 30) that rejected Request on price: you're stuck between Safe UI and the manual exchange grind until something else ships. If you want to test what I'm building on testnet and tell me what's wrong with it, I'd like that.

Only needed wallet-to-wallet batch payouts (no fiat): Safe Transaction Builder is free, just clunky. LlamaPay or Sablier if you prefer streaming.

One thing that keeps bugging me

Coinshift proved the demand. $1.5B in payouts, zero churn. But they couldn't build a sustainable business on wallet-to-wallet payments alone, and I think that's because the hard part was never the on-chain transaction. The hard part was always the last mile, where stablecoins have to become real euros in a real bank account belonging to a real person who needs to pay rent. That's the part Coinshift skipped, and it's the part that every team I've talked to over the past two weeks describes as "the monthly grind" or "chaos" or just "the thing nobody wants to do."

If you're dealing with this right now, I'd genuinely like to hear how you're handling it, whether you ever use what I'm building or not.

Written by Daniil Radionov. I'm building Settle OS, non-custodial payment infrastructure for crypto companies.

Looking for a Coinshift replacement?

• Join the founding beta waitlist: https://tally.so/r/ODJY7a

• Or message me directly: https://www.linkedin.com/in/daniil-radionov-9a78b2133/