Transak conquers the US market: Six new licenses for stablecoin payments!

Transak conquers the US market: Six new licenses for stablecoin payments!

Transak, a provider of payment services in the digital space, recently received six new Money Transmitter Licenses (MTL) in the US. This allows the company to operate directly in the states of Michigan, South Carolina, Iowa, Kansas, Pennsylvania and Vermont. With these new licenses, Transak expands its regulated footprint in the U.S. to a total of 11 states, marking an important step for the company.

The new licenses allow compliant fiat-to-stablecoin transactions and facilitate the seamless transition between traditional and digital finance. Bryan Keane, head of compliance for the Americas, emphasizes the importance of these licenses in optimizing value transfers. By obtaining the licenses, Transak has the ability to manage client funds directly within each state, reducing reliance on third-party providers and therefore improving transaction economics and success rates.

Strategic focus on the US market

The US market is a high priority for Transak due to its size and complex regulatory environment for digital assets. The Company is actively pursuing additional applications for Money Transmitter Licenses to establish a comprehensive compliance framework. These regulatory advances have also driven technical developments in 2025.

In August 2025, Transak became the first provider to enable wire transfers for direct USD deposits. The company is now also preparing to introduce ACH payments. The integration of Virtual Account APIs opens up the possibility for partners to integrate stablecoin payment flows directly into their platforms.

Partnerships and technology

A significant partnership with MetaMask allows regulated and near-instantaneous value transfers between bank accounts and digital wallets. Transak also supports several major regulated stablecoins, including USDC, RLUSD and USDG. These developments demonstrate Transak’s commitment to simplifying the process of exchanging currencies between traditional and digital currencies while maintaining high regulatory standards.

Overall, Transak is positioning itself for further growth in the dynamic environment of the digital financial markets through the new licenses and the associated technological developments. The company remains committed to expanding its services and meeting regulatory requirements in the US to provide the best opportunities for its customers.