Transak, a growing stablecoin payment provider, has strengthened its regulatory foothold in the United States by securing six additional state licenses, signalling a broader push toward nationwide coverage.

The company has obtained Money Transmitter Licenses (MTLs) in Iowa, Kansas, Michigan, South Carolina, Vermont, and Pennsylvania, bringing its total number of licensed states to 11.

These approvals allow Transak to legally process stablecoin transactions, transfer funds, and facilitate fiat-to-crypto conversions directly for users, bypassing third-party intermediaries.

While these licenses extend Transak’s operational footprint, the company emphasises that the move is less about immediate access and more about deepening regulatory compliance.

Bryan Keane, Transak’s compliance officer for the Americas, in an announcement shared with media outlets, highlighted that each new license strengthens the company’s ability to innovate around emerging stablecoin use cases and new payment flow architectures.

Unlike the European Union, where a single crypto license can operate across multiple countries under the MiCA framework, US regulations require companies to secure individual licenses in each state.

This fragmented system can make nationwide coverage expensive and slow, as companies navigate varying requirements, fees, and approval timelines.

Transak’s expansion reflects a deliberate strategy to move toward a native, regulated payments stack.

The company initially began this licensing push in 2024 with its first MTL in Alabama.

And while partnerships currently allow Transak to reach users in 46 states, direct licensing provides greater regulatory control, offering flexibility for future innovation and ensuring compliance with state oversight.

The company is already preparing to broaden its payment offerings.

Earlier this year, Transak became the first US crypto on-ramp to support wire transfers, allowing users to top up their crypto accounts directly from their bank accounts.

Plans to launch Automated Clearing House (ACH) payments are also underway, which would further accelerate bank-to-bank transfers for Americans and make stablecoin transactions more seamless.

With 19 additional state applications currently pending, Transak aims to achieve full coverage in all 50 states within the next 12 to 18 months.

This aggressive expansion signals the company’s long-term goal of creating nationwide stablecoin access and enabling a lawful, scalable framework for digital asset transactions.

Keane noted that while federal legislation on stablecoins would provide clearer standards, the current state-by-state approach remains the immediate path for compliance and operational growth.

By securing more licenses and expanding its payment infrastructure, Transak positions itself at the forefront of US stablecoin adoption.

The company’s strategy highlights a growing trend among crypto payment providers to invest in regulatory compliance as a foundation for innovation.

With stablecoins becoming increasingly central to both retail and cross-border payments, Transak’s efforts could help accelerate mainstream adoption while ensuring users, businesses, and developers operate within a transparent and lawful framework.

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