Transak has obtained six additional Money Transmitter Licenses (MTL) in the United States — Iowa, Kansas, Michigan, South Carolina, Vermont and Pennsylvania, enabling the lawful processing of payments and fiat‑to‑stablecoin conversions in those jurisdictions. The expansion strengthens Transak USA LLC’s regulatory presence and lowers local barriers to using stablecoins for payments and transfers, affecting users, on‑ramp developers and compliance teams operating in those states.
The six licenses, formalized at the end of 2025, add to prior permissions in states such as Alabama (October 2024) and Delaware (November 2024), and include earlier licenses in Illinois and Missouri, bringing Transak’s total estimated state authorizations in the U.S. to at least eleven.
With each MTL, the firm gains the legal ability to offer on/off‑ramps for converting dollars into stablecoins and vice versa within the local regulatory framework, in addition to processing remittances and transfers subject to KYC/AML. A Money Transmitter License (MTL) is the state authorization that regulates the transmission of funds and requires anti‑money‑laundering controls, capital requirements and operational records.
Context and impact of stablecoin payments
The company maintains an international framework of registrations and approvals — including presence in the United Kingdom, Canada and other jurisdictions — and offers integrations with popular wallets such as MetaMask, Phantom and Keplr. It supports more than 136 crypto assets and has a partnership with a global payments player for crypto‑to‑fiat conversions in 145 countries. These technical capabilities, combined with state licenses, reduce product friction and operational latency for businesses integrating stablecoin payments.
Transak’s licensing strategy has direct effects on product, liquidity and compliance, shaping how merchants, developers and partners adopt regulated on‑ramps within covered states.
Transak aims to achieve coverage in all 50 states within 12–18 months; meanwhile, this operational progress confirms its approach of building compliant payment access within the current regulatory mosaic. If federal frameworks such as the GENIUS Act were approved, the requirement for multiple MTLs could change, but the company continues to deploy licenses to ensure traceability and immediate service in current markets.
