MetaMask Partner Transak Expands into US With 6 New Money Transmitter Licenses

Transak:- Transak, the Web3 payments infrastructure provider and the official fiat-onramp partner of MetaMask, has secured six new Money Transmitter Licenses (MTLs) across the United States.

With this expansion, Transak strengthens its regulatory foothold in the country. This is a move the company says will “reinforce its position as one of the most compliance-ready stablecoin payment infrastructures in the U.S.”

Only a handful of global crypto payment firms – including Coinbase, Circle, MoonPay, and PayPal – currently hold nationwide or near-full MTL coverage. Transak’s newly acquired licenses mark a significant step toward joining this top-tier cohort of few compliant web3 firms.

Transak’s 6 New Licenses

According to its Press Release, the new licenses have been granted to Transak in the states of Iowa, Kansas, Michigan, South Carolina, Pennsylvania and Vermont. Before this, the company was already authorised in Alabama, Arkansas, Delaware, Illinois and Missouri, bringing Transak’s total U.S. licensed states to eleven.

In US, MTLs are state-issued regulatory approvals that allow companies to transmit money or value on behalf of others. Not only crypto companies, but any business that moves funds for others even say Venmo, PayPal, Western Union have to acquire it.

However, for crypto and stablecoin platforms, they represent the legal foundation for processing user payments, conversions, and remittances across U.S. jurisdictions.

Also Read: Western Union Joins Forces With Crypto Startup Rain

Now with 6 news MTLs, Transak can legally process Fiat-to-crypto purchases, Stablecoin remittances, Off-ramps, cross-wallet or cross-border payments. Each additional MTL implies that it can directly serve users in that state – without relying on a third-party licensed partner.

Interetingly, in US, there’s no federal “money transmission license,” unlike EU’s MiCA. Companies need to apply for one separately in every state where they serve users. Firms like Coinbase, Circle, MoonPay, and PayPal have spent years to secures MTLs in every US state. Transak securing six new MTLs also brings it – though still too far – but much closer to full U.S. coverage of 45 states + territories.

Also Read: Bitget Taps Ex-Adobe Marketer as CMO

The Growing Adoption of Stablecoins as Payments

Transak has been long MetaMask’s long-time fiat onboarding partner. However, in September 2025, Transak and MetaMask join forces to offer 1:1 stablecoin onramping MetaMask’s Deposit button for the wallet’s native stablecoin, MetaMask USD (mUSD).

Stablecoins are only as useful as the rails you can move them on.

Let’s make onramps faster and cheaper.

MetaMask 🤝 @Transak https://t.co/ZIK0OEXEhl

— MetaMask.eth 🦊 (@MetaMask) September 15, 2025

Besides MetaMask, its infrastructure also support on-ramps for Ledger, Trust Wallet, and Coinbase Wallet among others.

According to its announcement, Transak views 2025 as a “breakout year” for its U.S. business. Beyond licensing, the company has deployed additional infrastructure enhancements. In August, it became the first on-ramp to enable USD wire-transfers directly into crypto purchases. It is also preparing to roll out Automated Clearing House (ACH) payments to support faster bank-to-crypto flows.

This expansion comes as the use of stablecoins as a global payment mechanism is accelerating rapidly. Just last month, neobank Revolut launched its own 1:1 fiat-backed stablecoin, aimed at powering faster settlements within its payments network.

Visa has begun piloting direct USDC settlement for US clients, expanding on its 2023 crypto settlement initiative with Circle.

The broader stablecoin market has also surged past $300 billion in circulating supply, marking its highest level since early 2022. Thus, these serve as clear indicators that digital dollars are becoming a mainstream payments instrument rather than a niche crypto tool.

Also Read: TRON Leader Departs to Bet on Bitcoin DeFi With New Project