Transak adds six US state licenses for stablecoin payments

Transak’s six new state licenses allow it to operate directly in each jurisdiction, offering compliant fiat-to-stablecoin transactions and expanding access for fintechs, wallets, and enterprise partners nationwide.

On Nov. 11, stablecoin payment company Transak announced it had secured Money Transmitter Licenses from state regulators in Michigan, South Carolina, Iowa, Kansas, Pennsylvania, and Vermont

The acquisition brings Transak’s total state count to eleven, a significant step in its methodical campaign to construct a nationwide regulatory framework for its operations. The company’s compliance chief for the Americas, Bryan Keane, framed the licenses as critical steps toward a future of seamless movement between traditional and digital finance.

Transak expands reach with regulated rails

Transak’s news licenses grant it the legal authority to handle customer funds and execute value transfers directly within each state’s jurisdiction. This eliminates the need for third-party intermediaries, a shift the company said is crucial to improving transaction economics and success rates across its network of over 450 integrated applications.

The U.S. market matters for Transak not only because of its size, but because it remains one of the most complex regulatory environments for digital assets. The company noted it is actively pursuing additional MTL applications, signaling a long-term commitment to building out a nationwide compliance framework that can support the next wave of cross-border payments and onchain finance through stablecoins.

This regulatory push has been the engine for a series of technical advancements throughout 2025, which the company has termed a “breakout year.” Shortly after becoming the first on-ramp to enable wire transfers for direct USD deposits in August, Transak is now preparing to launch ACH payments.

Additionally, its partnership with MetaMask to power native, white-label stablecoin deposits demonstrates how these licenses are being used, enabling regulated, near-instant value transfer between a bank account and a digital wallet.

The company’s expanding muscle is evident in its support for major regulated stablecoins like USDC, RLUSD, and USDG, as well as in the release of Virtual Account APIs. These developer tools enable partners to program stablecoin payment flows directly into their own platforms, moving beyond simple onboarding to support complex, multi-party financial operations.