--- title: "B2C2 Selects Solana for Institutional Stablecoin Settlements" date: 2026-04-01 author: "Kathleen Kinder" featured_image: "https://coinlaw.io/wp-content/uploads/2026/04/b2c2-selects-solana-for-stablecoin-settlement.jpg" categories: - name: "Cryptocurrency" url: "/crypto.md" tags: - name: "News" url: "/tag/news.md" --- # B2C2 Selects Solana for Institutional Stablecoin Settlements B2C2 has chosen Solana as its primary network to handle institutional stablecoin settlements, signaling growing confidence in the blockchain’s speed and scalability. ## Key Takeaways - B2C2 selects Solana as its main network for institutional stablecoin settlements. - The firm will support major stablecoins like USDC, USDT, PYUSD, EURC, and FDUSD. - Solana recorded about $650 billion in stablecoin volume in February, showing rapid growth. - Despite momentum, Solana still trails Ethereum and Tron in total stablecoin market share. ## What Happened? **B2C2**, a crypto liquidity provider backed by **[SBI Holdings](https://coinlaw.io/sbi-holdings-statistics/)**, has officially designated **[Solana](https://coinlaw.io/solana-statistics/)** as its primary blockchain for settling large scale stablecoin transactions. The move is aimed at improving efficiency for institutional clients that rely on fast and reliable settlement infrastructure. The company also introduced **PENNYswap**, a zero fee solution designed to support foreign exchange operations, treasury management, and cross-border payments for banks and financial institutions. > 🚨BREAKING: SBI Holdings’ B2C2 designates [@Solana](https://twitter.com/solana?ref_src=twsrc%5Etfw) as its primary network for institutional stablecoin settlement, routing large-scale client flows onchain. > > B2C2 is a key market maker for Robinhood and partner firms, including Standard Chartered, Anchorage Digital, and Bitget. [pic.twitter.com/50eKAQycwh](https://t.co/50eKAQycwh) > > — SolanaFloor (@SolanaFloor) [April 1, 2026](https://twitter.com/SolanaFloor/status/2039310198213644643?ref_src=twsrc%5Etfw) ## B2C2 Expands Institutional Focus on Solana Founded in 2015, **B2C2** operates as a purely institutional liquidity provider, serving major clients across traditional finance and crypto markets. Its client and partner network includes firms such as **Standard Chartered**, **[Anchorage Digital](https://coinlaw.io/anchorage-digital-statistics/)**, and **[Bitget](https://coinlaw.io/bitget-wallet-statistics/)**, while **Robinhood** has previously disclosed B2C2 as one of its key crypto market makers. With this latest move, the firm will route and settle most institutional stablecoin transactions through **Solana**, prioritizing assets issued on the network. These include: - **USDC** - **USDT** - **[PYUSD](https://coinlaw.io/pyusd-statistics/)** - **USDG** - **USD1** - **EURC** - **[FDUSD](https://coinlaw.io/fdusd-statistics/)** The company also confirmed it will continue to support additional stablecoins launched on Solana in the future. ## Why Solana Is Gaining Institutional Attention According to B2C2 Group CEO Thomas Restout, the decision reflects growing demand for infrastructure that can handle real world financial flows at scale. He stated: “ Solana has earned its place as fundamental financial infrastructure. We’re supporting real flow here because it delivers on the things that matter to our clients – speed, reliability and scale. This is where settlement is heading. Thomas RestoutGroup CEO – B2B2 Solana’s recent growth supports this view. The network recorded approximately **$650 billion in stablecoin transaction volume in February**, more than doubling its previous monthly record. Its stablecoin market cap also surged to around **$15 billion**, up from just over $5 billion. Major global institutions are already integrating Solana into their payment and settlement systems. Companies such as **Visa**, **Mastercard**, and **PayPal** have explored or implemented Solana based solutions. Financial services firms like **SoFi**, **Western Union**, and **Worldpay** are also part of the broader ecosystem shift toward faster blockchain networks. ## Still Behind Ethereum and Tron Despite its rapid rise, Solana remains behind established leaders like **Ethereum** and **Tron** in terms of total stablecoin market share. Current data shows that Solana’s stablecoin market cap is roughly **9.3 percent of Ethereum’s**, a ratio that has remained relatively stable over the past year. This highlights that while Solana is growing quickly, it is still in a catch up phase compared to older networks that have dominated stablecoin activity for years. ## PENNYswap Targets Banking Use Cases Alongside its network shift, **B2C2** is pushing deeper into institutional finance with the launch of **PENNYswap**. The platform offers zero fee stablecoin swaps and is designed to optimize: - **Foreign exchange operations** - **Treasury management** - **Cross-border payments** This move aligns with increasing demand from banks for cost efficient blockchain based settlement tools. ## CoinLaw’s Takeaway From my perspective, this is a strong signal that **institutional adoption of Solana is no longer experimental but practical**. I have seen many networks promise speed and scalability, but institutions only move when performance actually delivers. In my experience, when a firm like B2C2 shifts real transaction flow, it reflects genuine confidence, not just hype. I also believe this puts pressure on **Ethereum** and **Tron** to maintain their dominance. Solana may still be behind today, but momentum is clearly building. If this trend continues, we could see a much more competitive stablecoin landscape in the near future.