Crypto market maker B2C2 has launched PENNY, a new platform that enables instant, zero-fee swaps between major stablecoins as institutional demand for frictionless liquidity tools grows, the company said in a press release Thursday.
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 U.S., EU, and Asia, which has spurred adoption of regulated stablecoins and encouraged new issuers, including banks and fintechs.
“PENNY is an instant and costless facility aimed at the real economy,” B2C2 U.S. 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.
