## **Transak Secures MTL State Permits in Six Jurisdictions, Advancing Regulated Stablecoin Infrastructure**
On November 11, fintech infrastructure provider Transak announced the acquisition of Money Transmitter Licenses across six U.S. states—Michigan, South Carolina, Iowa, Kansas, Pennsylvania, and Vermont. This expansion brings Transak's total MTL state footprint to eleven jurisdictions, representing a critical milestone in its ongoing effort to build a compliant nationwide payment backbone for digital assets.
## **Why These MTL State Licenses Matter**
The significance of these permits exte