Crypto market maker B2C2 launches stablecoin exchange platform Penny, supporting institutional cross-chain stablecoin swaps

Foresight News reported, according to CoinDesk, that crypto market maker B2C2 has launched a stablecoin exchange platform called Penny, aiming to support instant, zero-fee swaps between stablecoins such as USDT, USDC, and PYUSD. This service is targeted at institutions and offers on-chain settlement across Ethereum, Tron, Solana, and Layer 2 networks. Currently, PENNY supports six stablecoins—USDT, USDC, USDG, RLUSD, PYUSD, and AUSD—on Ethereum, Tron, Solana, and several Layer 2 networks, with plans to regularly add more assets.

B2C2 stated that PENNY allows users—including banks, merchant acquirers, exchanges, and stablecoin infrastructure companies—to automatically swap between tokens without paying fees or taking on counterparty risk.