Solana's Jupiter to Develop JupUSD Stablecoin With Backing From Ethena Labs

Solana's Jupiter to Develop JupUSD Stablecoin With Backing From Ethena Labs

Solana-based decentralized exchange Jupiter is rolling out its own stablecoin, JupUSD, by the end of the year.The coin will be native to Solana and tightly integrated across Jupiter’s ecosystem, including its perpetuals platform, lending markets, and trading interfaces, the DEX shared on X on Wednesday.JupUSD is being developed in partnership with Ethana Labs, known for minting over $16 billion in stablecoins through their project.The stablecoin…

Ethena Labs Partners With Solana’s Jupiter to Launch JupUSD, ENA Set to Hit $0.74

The Ethena Lab and Solana’s Jupiter collaboration announced the launch of JupUSD, a new stablecoin to replace $750 million of stablecoins on Jupiter Perps. JupUSD will be supported by Ethena’s USDtb, while USDe will be integrated to enhance the yield performance. ENA is quoted at $0.5706 with $4.06 billion market cap as analysts watch $0.74 resistance if $0.59–$0.51 support holds strong. Jupiter, a leading decentralized trading platform on Solan…

Jupiter and Ethena Unite to Launch Game-Changing Solana Stablecoin

The token, expected to debut in the fourth quarter of 2025, will be backed 1:1 by USDtb, a regulated stablecoin that invests in BlackRock’s tokenized BUIDL fund. Over time, it may shift to USDe-based collateral, combining traditional backing with crypto-native mechanisms. Jupiter plans to convert $750 million in USDC from its liquidity pools into JupUSD to accelerate adoption. Once live, the new stablecoin will be integrated across Jupiter’s tra…

Jupiter and Ethena Set To Launch Solana’s Native Stablecoin: jupUSD

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Solana Ecosystem Expands as Jupiter and Ethena Labs Unveil JupUSD Stablecoin ETHNews

Jupiter and Ethena Labs are launching JupUSD, a fully collateralized Solana-based stablecoin designed to unify Jupiter’s DeFi ecosystem and enhance on-chain liquidity. Built on Ethena’s white-label infrastructure, JupUSD highlights the growing trend of branded stablecoins as the global market surpasses $300 billion in capitalization. The Solana ecosystem is set for another major boost as Jupiter, Solana’s largest decentralized trading platform,…