Miami — Transak, the global payments infrastructure powering stablecoin and crypto transactions for more than 450 apps and 10 million users, has secured five new U.S. Money Transmitter Licenses (MTLs) in Iowa, Kansas, Michigan, South Carolina, and Vermont.
With these additions, Transak is now licensed in 10 U.S. states — including Alabama, Arkansas, Delaware, Illinois, Iowa, Kansas, Missouri, Michigan, South Carolina, and Vermont — positioning it among the most regulated stablecoin payment providers in the country.
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A Compliance-First Pathway for Stablecoin Payments
Each MTL grants Transak the ability to operate directly within that state, eliminating the need for intermediaries and enabling faster, more secure, and higher-success on/off-ramp flows. It also strengthens Transak’s role as the compliance-ready backend that fintech apps, wallets, DeFi protocols, and enterprises rely on to move value between traditional finance and blockchain.
The expanded licensing footprint enhances Transak’s ability to:
Deliver regulated stablecoin and crypto payment services across more U.S. jurisdictions
Support fintechs and wallets seeking compliant on/off-ramp infrastructure
Provide U.S. users with lawful, efficient movement between bank accounts and digital assets
“Every new license we secure brings us closer to a future where users can move between fiat and digital assets seamlessly and lawfully. Our new licenses are a testament to our team’s relentless focus on compliance, operational excellence, and building trust with regulators worldwide.”
Bryan Keane, Compliance Officer (Americas)
A Breakout U.S. Expansion Year
2025 has become a pivotal year for Transak’s U.S. growth, with the company evolving into one of the most enterprise-ready infrastructures supporting stablecoin payments. Key advancements include:
Becoming the first major on-ramp to support wire transfers for direct USD deposits into crypto purchases
Preparing to launch ACH payments, bringing faster bank transfers to American users
Powering MetaMask’s native stablecoin deposits, enabling regulated 1:1 transfers between bank accounts and wallets
Expanding stablecoin support — including USDC, RLUSD, and USDG
Releasing Virtual Account APIs and developer tools that let apps embed stablecoin payment flows natively
Together, these initiatives strengthen Transak’s role as a compliant, scalable rail for the stablecoin economy — from user onboarding to cross-border payments to multi-party payout systems.
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Why This Matters
The United States remains one of the most complex regulatory environments for digital assets, requiring separate state-level MTLs to transmit value. This fragmentation has slowed adoption and limited stablecoin accessibility for many users and businesses.
Transak’s growing portfolio of state licenses puts it in a rare category: a stablecoin payments provider capable of operating legally across key U.S. markets while supporting both Web2 platforms and decentralized applications.
With more MTL applications underway, Transak is laying the groundwork for nationwide stablecoin access, aiming for a world where moving value on-chain is as simple as sending an email.
