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SBI's market maker B2C2 has designated Solana as the mainnet for institutional stablecoin settlement
According to The Block, B2C2, a liquidity provider under SBI Holdings, has designated Solana as the primary network for large stablecoin settlements for its institutional clients. B2C2 provides market-making services for platforms such as Robinhood and collaborates with Standard Chartered, Anchorage Digital, Bitget, and others.
The company will prioritize supporting stablecoins issued on Solana, including USDC, USDT, PYUSD, USDG, USD1, EURC, FDUSD, and other new varieties in the future. The report noted that Solana has seen an increase in activity for stablecoin settlements recently, with stablecoin trading volume reaching approximately $650 billion in February, but its stablecoin market capitalization still significantly lags behind Ethereum and Tron.
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