Transak Expands US Operations with 5 New MTLs for Stablecoin Compliance

Financial technology firm Transak has secured five new Money Transmitter Licenses (MTLs) in Iowa, Kansas, Michigan, South Carolina, and Vermont, increasing its U.S. presence to ten states. These licenses enable faster, more secure fiat-to-crypto transactions without relying on third parties. 🤝 Transak is making headway in the burgeoning stablecoin space with new services including faster ACH payments and expanded support for USDC, RLUSD, and USDG.