“The institutional liquidity provider’s new platform says it will let users exchange stablecoins like USDT and USDC across multiple blockchains without fees.”, — write: www.coindesk.com
The launch comes as the stablecoin market expands beyond crypto-native trading into payments, banking and settlement use cases.
PENNY currently supports six stablecoins — USDT, USDC, USDG, RLUSD, PYUSD and AUSD — across Ethereum, Tron, Solana and several Layer 2 networks, with more assets expected to be added regularly.
B2C2 said PENNY allows users, including banks, merchant acquirers, exchanges and stablecoin infrastructure firms, to automatically swap between tokens without fees or counterparty risk.
The swaps settle on-chain through B2C2’s institutional trading infrastructure, which processes roughly $1 billion in daily stablecoin volume.
“Stablecoins have outgrown the crypto trading use case,” said Thomas Restout, B2C2 Group CEO, in the release.
“As traditional financial institutions and corporates increasingly adopt stablecoin payment rails, PENNY offers them valuable infrastructure for real-time execution and settlement without the risks of network fragmentation or the friction and high costs of trading on exchanges,” he added.
The launch follows accelerating regulatory clarity in the US, EU, and Asia, which has spurred the adoption of regulated stablecoins and encouraged new issuers, including banks and fintechs.
“PENNY is an instant and inexpensive facility aimed at the real economy,” B2C2 US CEO Cactus Raazi said in an interview with CoinDesk.
The platform is an “important development in market structure” and a major advancement in the evolution of the stablecoin market, Raazi added.
Wall Street bank Citi (C) expects the global stablecoin market cap to grow from about $300 billion in 2025 to as much as $4 trillion by 2030.
Founded in 2015, B2C2 is one of the earliest and largest institutional liquidity providers in crypto, facilitating more than $2 trillion in trading volume across 15 blockchains. The firm operates regulated entities in the Americas, Europe, and Asia-Pacific.
Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.
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After weeks of turbulence, the crypto market found support Thursday, with Bitcoin and Ether posting modest gains and HyperLiquid’s token HYPE soaring.
- HYPE jumped 12% on news that HyperLiquid Strategies plans to raise $1 billion to purchase the token, signaling strong investor confidence.
- Funding rates hovered near zero and BTC/ETH open interest was largely unchanged, reflecting cautious positioning ahead of Friday’s US CPI release.
- Solana-based DEX Jupiter reported 19% revenue growth and a 71% surge in trading volume, helping its JUP token climb 3% amid market stabilization.
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