Key Highlights
- Transak secured five new MTLs in Iowa, Kansas, Michigan, South Carolina, and Vermont, bringing its total U.S. licensed states to 10.
- Each new MTL enables faster, more secure, and regulated fiat-to-crypto transactions without reliance on intermediaries.
- The company is advancing its payment infrastructure with the upcoming launch of faster ACH payments, expanding support for stablecoins (USDC, RLUSD, USDG).
Transak has acquired five new Money Transmitter Licenses (MTLs) in Iowa, Kansas, Michigan, South Carolina, and Vermont, increasing the total number of U.S. states where it is licensed to ten. The move helps maintain its standing as a regulated provider in the U.S. digital asset space.
The existing licensed states include Alabama, Arkansas, Delaware, Illinois, and Missouri. The company is working towards lawful and compliant stablecoin payments with the latest additions.
Building a bridge for digital assets
Securing these licenses is crucial for Transak’s operations. Each MTL allows the company to conduct fiat-to-crypto transactions directly within that jurisdiction. This direct approach eliminates the reliance on third-party mediums, which means quicker and secure services and a superior user experience across its network of over 450 partners.
The licenses also enable Transak to provide regulated stablecoin and crypto payment services to a broader U.S. audience. This infrastructure supports fintech companies, digital wallets, and larger enterprises that require compliant ‘on/off-ramp’ services.
Bryan Keane, Transak’s Compliance Officer (Americas), said, “Every new license we secure brings us closer to a future where users can move between fiat and digital assets seamlessly and lawfully.” He added, “Our new licenses are a testament to our team’s relentless focus on compliance, operational excellence, and building trust with regulators worldwide.”
Breakthrough year in the U.S. market
The year 2025 has been positive for Transak as it positions itself as an enterprise-ready infrastructure for stablecoin payments in the United States. It has integrated into over 450 applications with more than 10 million users. Key developments include becoming the first on-ramp service to allow direct USD deposits via wire transfers for crypto purchases.
The company is preparing to launch ACH payments, which will offer U.S. users a quicker and more easily accessible bank transfer choice. Transak also partnered with MetaMask to embed native, white-label stablecoin deposit capabilities, ensuring a regulated one-to-one movement of value between conventional bank accounts and digital wallets.
Transak broadened its support for stablecoins, including USDC, RLUSD, and USDG, and introduced Virtual Account APIs and developer tools designed to assist partners in integrating stablecoin payment processes natively into their platforms.
By continuously acquiring Money Transmitter Licenses (MTLs), Transak is working to become a prominent licensed stablecoin and crypto payment provider, connecting traditional finance (TradFi) with decentralized ecosystems.
Transak aims to make stablecoin payments practical and widely used. With more MTL applications currently under review, the company is building the infrastructure necessary for nationwide stablecoin access. It is aiming for value transfer that is as effortless as “sending an email.”
As regulated stablecoins like USDC, RLUSD, and USDG drive the future of cross-border and on-chain finance, Transak’s infrastructure ensures that businesses, developers, and users can participate within a transparent, lawful system.
Also Read: The U.S. vs. The World: A Look at the Crypto Lobbying Machine
