Why Is B2C2 Routing Stablecoin Flow Through Solana?
Crypto liquidity provider B2C2 has designated Solana as a core network for routing and settling large-scale stablecoin transactions for its institutional clients. The move shifts a portion of institutional flow toward a high-throughput Layer 1 blockchain as demand grows for faster and more efficient settlement infrastructure.
B2C2, founded in 2015, operates as a purely institutional liquidity provider and market maker. While its full client base is not publicly disclosed, the firm has confirmed partnerships with Standard Chartered, Anchorage Digital, and Bitget. It also plays a central role in market structure, with Robinhood previously disclosing B2C2 as one of its primary crypto market makers in a Securities and Exchange Commission filing.
The decision to route stablecoin transactions via Solana reflects a focus on execution speed, scalability, and reliability—factors that directly affect institutional trading and treasury operations.
How Does This Fit Into Solana’s Growing Role in Stablecoins?
Solana has seen rising stablecoin activity despite still trailing Ethereum and Tron in overall market share. The network recorded $650 billion in stablecoin transaction volume in February, more than doubling its previous monthly record. Its stablecoin market cap also expanded sharply in 2025, reaching around $15 billion from just over $5 billion a year earlier.
At the same time, Solana remains significantly smaller than leading networks. Its stablecoin market cap sits at roughly 9.3% of Ethereum’s, a ratio that has remained relatively stable over the past 12 months.
B2C2 will support multiple stablecoins on Solana, including USDC, USDT, PYUSD, EURC, and FDUSD, alongside other assets as they become available. This broad support suggests that institutional usage is not limited to a single issuer but tied to overall settlement efficiency.
Investor Takeaway
What Does Institutional Adoption Signal for Market Structure?
B2C2’s move adds to a series of integrations linking Solana to traditional financial institutions and payment networks. Visa has already used the blockchain for USDC settlement for US banks, while firms including Mastercard, PayPal, SoFi, Western Union, and Worldpay have explored or implemented integrations.
These developments point to a shift in how stablecoins are being used. Rather than remaining primarily trading instruments, they are increasingly embedded in payment flows, treasury operations, and cross-border settlement systems.
“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,” said B2C2 Group CEO Thomas Restout.
For liquidity providers, routing flow through faster networks can improve execution outcomes and reduce operational friction, particularly in high-volume environments.
Investor Takeaway
How Does This Connect to B2C2’s Broader Strategy?
The move aligns with B2C2’s broader push into institutional infrastructure. The firm recently launched PENNY, a zero-fee stablecoin swap solution designed for banks and financial institutions to optimize foreign exchange, treasury management, and cross-border payments.
B2C2 has also been active in tokenization, issuing a corporate bond on Ethereum in 2024 with support from PV01, a broker-dealer founded by its former executives. Japan’s SBI Holdings, which took a majority stake in B2C2 in 2020, provides additional backing as the firm expands its role in institutional crypto markets.
Together, these efforts indicate a focus on building end-to-end infrastructure around stablecoins, where settlement networks, liquidity provision, and financial products are increasingly interconnected.
