Stablecoin payment company Transak obtains MTL licenses in six US states.

Odaily Planet Daily reports that stablecoin payment company Transak has obtained new state-level money transfer licenses (MTLs) in Iowa, Kansas, Michigan, South Carolina, Vermont, and Pennsylvania, expanding its operations in the United States. Transak now holds licenses in 11 states, including Arkansas, Delaware, Illinois, and Missouri. These licenses will allow the company to legally process stablecoin transactions, transfer funds, and directly provide users with fiat-to-cryptocurrency exchange services without relying on intermediaries. (Cointelegraph)