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B2C2 Launches PENNY for Instant, Zero-Fee Cross-Stablecoin Swaps

The company targets institutional users seeking on-chain, cross-chain stablecoin liquidity.

Overview

  • PENNY supports USDT, USDC, USDG, RLUSD, PYUSD, and AUSD across Ethereum, Tron, Solana, and several Layer 2 networks.
  • Swaps settle on-chain via B2C2’s institutional trading infrastructure, which handles about $1 billion in daily stablecoin volume, and the firm says executions are fee-free with no counterparty risk.
  • B2C2 positions the service for banks, merchant acquirers, exchanges, and stablecoin infrastructure firms, with 24/7 operation and plans to add more assets.
  • CoinDesk reports that regulatory clarity in the U.S., EU, and Asia has encouraged regulated stablecoin adoption and new issuers, with Citi projecting market growth toward $4 trillion by 2030.
  • Founded in 2015, B2C2 reports more than $2 trillion in trading volume across 15 blockchains and operates regulated entities globally, and CoinSpectator notes the firm is majority-owned by Japan’s SBI Group.