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Jupiter’s JupUSD formally launches


Jupiter’s JupUSD formally launches

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Jupiter launched JupUSD, a reserve-backed stablecoin pegged to the US dollar, in collaboration with Ethena Labs. The stablecoin will initially hold 90% of its reserves in USDtb, compliant with GENIUS standards, while 10% will be in USDC, backed by BlackRock’s BUIDL Fund.

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Jupiter formally launched JupUSD, its reserve-backed stablecoin facilitated by Ethena Labs, and it is pegged to the US dollar.  According to the post, JupUSD is launching on battle-tested stablecoin rails, and initially only 90% of reserves will be held in USDtb, a licensed, GENIUS-compliant stablecoin, collateralized by BlackRock’s BUIDL Fund, with a 10% USDC liquidity […]
Read the article at CryptoPolitan

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In This News

Coins

$ 0.99953

0%

$ 0.0878

-5.60%

$ 0.175

-7.48%

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

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