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 commerce to payments, banking and settlement uses.
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 companies, to automatically trade between tokens without fees or counterparty risk.
The swaps are settled on-chain through B2C2’s institutional trading infrastructure, which processes around $1 billion in daily stablecoin volume.
“Stablecoins have grown out of the use of crypto commerce,” said Thomas Restout, B2C2 Group CEO, in the announcement.
“As traditional financial institutions and businesses increasingly adopt stablecoin payment rails, PENNY offers them valuable infrastructure for real-time execution and settlement without the risk 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 cost-free facility aimed at the real economy,” B2C2 US CEO Cactus Raazi said in an interview with CoinDesk.
The platform is an “important development in the market structure” and a major step forward in the development of the stablecoin market, Raazi added.
Wall Street bank Citi ( C ) expects the global stablecoin market cap to grow from around $300 billion in 2025 to as much as $4 trillion in 2030.
Founded in 2015, B2C2 is one of the earliest and largest institutional liquidity providers in crypto, enabling more than $2 trillion in trading volume across 15 blockchains. The firm operates regulated entities in the Americas, Europe and Asia-Pacific.
