Crypto market maker B2C2 has launched PENNY, a new platform that enables zero-fee instant swaps between major stablecoins, amid growing demand from institutional investors for frictionless liquidity tools, it announced in a press release on Thursday.
The announcement comes as the stablecoin market expands beyond crypto-native trading to payments, banking, and payment use cases.
PENNY currently supports six stablecoins (USDT, USDC, USDG, RLUSD, PYUSD, AUSD) across Ethereum, Tron, Solana, and several layer 2 networks, with more assets to be added regularly.
B2C2 said PENNY will enable users, including banks, merchant acquirers, exchanges, and stablecoin infrastructure companies, to automatically exchange tokens without fees or counterparty risk.
Swaps are settled on-chain through B2C2’s institutional trading infrastructure, which processes approximately $1 billion in stablecoin trading volume each day.
“Stablecoins have transcended the crypto trading use case,” B2C2 Group CEO Thomas Restout said in a release.
“As traditional financial institutions and businesses increasingly adopt stablecoin payment rails, PENNY provides valuable infrastructure for real-time execution and settlement without the risk of network fragmentation and the friction and high costs of trading on exchanges,” he added.
The announcement comes in the wake of accelerating regulatory clarity in the US, EU, and Asia, which is accelerating the adoption of regulated stablecoins and encouraging new issuers such as banks and fintechs.
“PENNY is an instant, no-cost facility targeting the real economy,” B2C2 US CEO Cactus Raazi said in an interview with CoinDesk.
Raj added that the platform is a “significant development in market structure” and a major step forward in the evolution of the stablecoin market.
Wall Street bank Citi (C) expects the global stablecoin market capitalization 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 cryptocurrencies, facilitating over $2 trillion in transaction volume across 15 blockchains. The company operates regulated entities in the Americas, Europe, and Asia Pacific.
