Transak, a leading Web3 payment infrastructure provider, has secured Money Transmitter Licenses (MTLs) in six additional US states. This expansion brings the company's total operational states to 11, enabling seamless, regulated fiat-to-stablecoin transactions and fiat-to-crypto conversions for millions more users.

Transak is a compliance-focused platform that bridges traditional finance (TradFi) and digital assets, allowing users to convert fiat currencies like USD directly into stablecoins and other cryptocurrencies. Integrated with over 450 applications, including wallets and fintech platforms, Transak emphasizes regulatory adherence to facilitate secure, efficient transactions. The company supports major stablecoins such as USDC, RLUSD, and USDG, and has pioneered features like wire transfers for direct USD deposits (launched in August 2025) and upcoming ACH payments. Its partnership with MetaMask enables native, white-label stablecoin deposits, making it easier for users to transfer value between bank accounts and digital wallets.

The new licenses cover the following states: Iowa, Kansas, Michigan, Pennsylvania, South Carolina and Vermont.

These join Transak's previously licensed states: Alabama, Arkansas, Delaware, Illinois, and Missouri. With these MTLs, Transak can now legally handle customer funds, process stablecoin payments, and execute value transfers directly in these jurisdictions—without relying on third-party intermediaries.