Transak Expands U.S. Stablecoin Infrastructure with Five New State Licenses
Transak has secured money transmitter licenses in Iowa, Kansas, Michigan, South Carolina, and Vermont, bringing its total U.S. regulatory approvals to ten states. The expansion strengthens its position as a compliant operator in the fragmented American stablecoin market.
The licenses enable direct fiat-to-crypto transactions without intermediaries, improving success rates and reducing costs for Transak's 450+ partners. This development comes amid ongoing regulatory uncertainty in the U.S., contrasting with clearer frameworks like Europe's MiCA.
While the announcement doesn't specify stablecoins involved, the regulatory progress signals growing infrastructure for dollar-pegged digital assets. The move highlights how crypto firms are navigating complex state-by-state compliance requirements while awaiting federal clarity.
