Crypto market maker B2C2 has launched PENNY, a new platform that enables instant, fee-free trading between major stablecoins as institutional demand for frictionless liquidity tools increases, the company announced in a press release on Thursday.
The launch comes as the stablecoin market expands beyond crypto-native trading to payments, banking and settlements use cases.
PENNY currently supports six stablecoins – USDT, USDC, USDG, RLUSD, PYUSD and AUSD – on 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 companies, to automatically swap between tokens without fees or counterparty risk.
Swaps are settled on-chain via B2C2’s institutional trading infrastructure, which processes approximately $1 billion in daily stablecoin volume.
“Stablecoins have moved beyond the crypto trading use case,” Thomas Restout, CEO of B2C2 Group, said in the release.
“As traditional financial institutions and businesses increasingly adopt stablecoin payment rails, PENNY provides them with 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 boosted the adoption of regulated stablecoins and encouraged new issuers, including banks and fintechs.
“PENNY is an instant, free facility for the real economy,” said Cactus Raazi, CEO of B2C2 US, in an interview with CoinDesk.
The platform constitutes an “important development in the market structure” and a major step forward in the evolution of the stablecoin market, Raazi added.
Wall Street bank Citi (C) expects the global market capitalization of stablecoins to grow from around $300 billion in 2025 to $4 trillion by 2030.
Founded in 2015, B2C2 is one of the first and largest institutional liquidity providers in crypto, facilitating over $2 trillion in trading volume across 15 blockchains. The Company operates regulated entities in the Americas, Europe and Asia Pacific.
