B2C2 Introduces PENNY Platform To Enable Free Cross-Chain Stablecoin Swaps for Institutions
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Digital assets platform B2C2, which also serves as a liquidity provider, has launched a new platform, PENNY. It was created to make the transfer of cross-chain stablecoin simple and to reduce risk during operations.
The main objective is to deliver continuous liquidity throughout major digital assets using the new offerings. The company disclosed that the growing number of blockchains and stablecoins has made liquidity management more difficult for financial institutions, exchanges, and payment organizations.
The Platform Now Supports Tron, Solana, Ethereum, And Layer-2 Networks
The new platform, PENNY, allows instant swaps of stablecoins without fees. This swapping can be done automatically within the major coins, using Tron, Solana, Ethereum, and Layer-2 networks.
B2C2 works around the clock to improve its support for additional stablecoins in response to market demand. The Chief Executive Officer of the Group, Thomas Restout, said PENNY is a platform developed to enhance customer experience in the digital assets space. He added that stablecoins are believed to have grown beyond crypto trading. PENNY has positioned B2C2 to meet institutions’ growing demand for faster, easier, and more stablecoin transfers and cross-chain liquidity.
As monetary corporations and financial institutions increasingly accept stablecoin payments, PENNY provides a valuable framework for live operations and settlement, without the fear of high trade exchange costs, frictions, or network fragmentation.
Banks and financial institutions have been strongly encouraged by Authorities in Asia, Europe, and the US to explore the use of stablecoins for monetary operations and payments. Citigroup speculates that trade could increase from $ 300 billion this year to $4 trillion by 2030.
B2C2 Reaches $2 Trillion in Digital Asset Trading
The Chief Technology Officer, Alum Ahmad, said B2C2 has facilitated about $2 trillion in digital asset trading and processed a daily volume of $1 billion in stablecoins. Its global network reaches regulated organizations across Europe, the Americas, and the Asia-Pacific. The majority of the company is owned by Japanese financial group SBI, which provides 24/7 operational and institutional pricing.
Recently, SBI Security introduced CFDs, making it the platform’s first crypto offering. Ordinarily, the broker focuses on mainstream assets. It now offers Contracts for Difference (CFDs) on major digital currencies, including Solana, Dogecoin, and Bitcoin, with trading available over the weekend.
To support the new platform, SBI Securities selected B2C2 as its primary liquidity provider for crypto CFDs. SBI Securities makes up the bulk of SBI Group, holding about 90% of B2C2’s value.
