Stablecoin payment firm Transak has expanded its operations in the United States by securing money transmitter licenses (MTL) in six additional states: Iowa, Kansas, Michigan, South Carolina, Vermont, and Pennsylvania. This expansion brings the total number of states where Transak is licensed to operate to 11, including previously licensed states such as Arkansas, Delaware, Illinois, and Missouri.
With these licenses, Transak is authorized to process stablecoin transactions, transfer funds, and provide fiat-to-crypto conversion services directly to users, enhancing its ability to operate without intermediaries. This strategic move is part of Transak's efforts to broaden its footprint in the U.S. market and offer seamless crypto payment solutions.
Transak Expands U.S. Reach with New Money Transmitter Licenses
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