SBI Holdings' B2C2 Designates Solana as Primary Network for Institutional Stablecoin Settlement

BlockBeats News, April 1st, according to The Block, cryptocurrency liquidity provider B2C2 announced that it has designated Solana as the core network for institutional client stablecoin settlement, with large-scale stablecoin trades primarily routed and settled via the blockchain. B2C2 will support stablecoins such as USDC, USDT, PYUSD, USDG, USD1, EURC, and FDUSD on Solana.

Founded in 2015, B2C2 is a pure institutional liquidity provider with clients including Standard Chartered Bank, Anchorage Digital, and Bitget. Robinhood previously disclosed in filings to the SEC that B2C2 is one of its two main crypto market makers. Solana's position in the stablecoin sector continues to strengthen. In February this year, Solana's stablecoin trading volume reached $650 billion, doubling the previous monthly record; its stablecoin market cap grew approximately two-fold in 2025, rising from around $5 billion to around $15 billion. Visa, Mastercard, PayPal, Western Union, and Worldpay have all onboarded Solana.

However, Solana's stablecoin market cap still lags far behind Ethereum and Tron, with its market cap ratio to Ethereum at approximately 9.3%. B2C2 was acquired by Japan's SBI Holdings in 2020.