Crypto market maker B2C2 launches stablecoin exchange platform Penny to support institutions’ cross-chain exchange of stablecoins

According to Foresight News, according to CoinDesk, crypto market maker B2C2 launched Penny, a stablecoin exchange platform designed to support instant zero-fee exchanges between stablecoins such as USDT, USDC and PYUSD. The service is targeted at institutions and provides on-chain settlement across Ethereum, Tron, Solana and Layer 2 networks. PENNY currently supports six stablecoins USDT, USDC, USDG, RLUSD, PYUSD and AUSD on Ethereum, Tron, Solana and multiple 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 exchange between tokens without paying fees or taking on counterparty risk.

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