BREAKING: Jupiter is launching its own stablecoin 🥳 Built in partnership with @ethena_labs, engineered to connect the Jupiverse. $JupUSD, going live in Q4.
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JUP price steadies as Jupiter and Ethena prepare to launch JupUSD stablecoin
Окт., 09, 2025
2 мин. на чтение
Charles Thuo
для Invezz
The native token of Jupiter, JUP, is holding steady above $0.43 as anticipation builds around the upcoming launch of JupUSD, a new Solana-native stablecoin developed in partnership with Ethena Labs.
With the stablecoin set to go live in the fourth quarter of 2025, both Jupiter and Ethena are positioning themselves at the centre of the next wave of decentralised finance (DeFi) innovation.
A native stablecoin for Solana’s DeFi core
JupUSD is being built as a fully on-chain stablecoin, designed to operate exclusively within Solana’s network.
Unlike wrapped or bridged assets, it will exist natively on Solana, enabling faster, cheaper, and more efficient transactions.
The stablecoin will serve as a foundation across Jupiter’s suite of products, including its perpetuals platform, lending protocol, and trading applications.
At launch, JupUSD will be fully backed by USDtb, a tokenised asset tied to BlackRock’s BUIDL fund.
This backing introduces a unique bridge between traditional finance and decentralised systems, offering both institutional-grade transparency and on-chain liquidity.
Over time, Ethena’s USDe will be added to the collateral mix, bringing yield generation and enhanced stability to the asset.
Deep integration across the Jupiter ecosystem
Jupiter plans to make JupUSD the central currency of its ecosystem.
According to the announcement, JupUSD will gradually replace approximately $750 million in existing stablecoins, primarily USDC, currently circulating within the Jupiter Liquidity Pool (JLP).
The stablecoin will also become the primary asset in Jupiter Lend, enabling users to borrow, lend, and collateralise positions using a single unified currency.
According to Jupiter, the move is part of its long-term vision to build an integrated financial layer for Solana.
By redirecting its own liquidity into JupUSD, the platform aims to strengthen on-chain volume and establish the stablecoin as the default medium for all transactions within its ecosystem.
Ethena’s advanced risk management and peg-stability mechanisms will underpin this shift, ensuring the asset remains secure and efficient.
Ethena’s expanding stablecoin model
For Ethena Labs, the partnership with Jupiter represents another step in expanding its Stablecoin-as-a-Service model.
The company, which already accounts for around 5% of the global stablecoin supply, plans to grow its total issuance to over $50 billion within two years.
Ethena’s framework allows blockchain projects to launch their own stablecoins backed by institutional-grade reserves, aligning decentralised systems with real-world financial assets.
Ethena’s founder, Guy Swann, described the initiative as a bridge between regulated financial instruments and on-chain liquidity.
Swann emphasised that the collaboration with Jupiter exemplifies how DeFi protocols can adopt native, purpose-built stable assets to strengthen liquidity and reduce reliance on third-party issuers.
The post JUP price steadies as Jupiter and Ethena prepare to launch JupUSD stablecoin appeared first on Invezz
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JUP price steadies as Jupiter and Ethena prepare to launch JupUSD stablecoin
Окт., 09, 2025
2 мин. на чтение
Charles Thuo
для Invezz
The native token of Jupiter, JUP, is holding steady above $0.43 as anticipation builds around the upcoming launch of JupUSD, a new Solana-native stablecoin developed in partnership with Ethena Labs.
With the stablecoin set to go live in the fourth quarter of 2025, both Jupiter and Ethena are positioning themselves at the centre of the next wave of decentralised finance (DeFi) innovation.
BREAKING: Jupiter is launching its own stablecoin 🥳 Built in partnership with @ethena_labs, engineered to connect the Jupiverse. $JupUSD, going live in Q4.
A native stablecoin for Solana’s DeFi core
JupUSD is being built as a fully on-chain stablecoin, designed to operate exclusively within Solana’s network.
Unlike wrapped or bridged assets, it will exist natively on Solana, enabling faster, cheaper, and more efficient transactions.
The stablecoin will serve as a foundation across Jupiter’s suite of products, including its perpetuals platform, lending protocol, and trading applications.
At launch, JupUSD will be fully backed by USDtb, a tokenised asset tied to BlackRock’s BUIDL fund.
This backing introduces a unique bridge between traditional finance and decentralised systems, offering both institutional-grade transparency and on-chain liquidity.
Over time, Ethena’s USDe will be added to the collateral mix, bringing yield generation and enhanced stability to the asset.
Deep integration across the Jupiter ecosystem
Jupiter plans to make JupUSD the central currency of its ecosystem.
According to the announcement, JupUSD will gradually replace approximately $750 million in existing stablecoins, primarily USDC, currently circulating within the Jupiter Liquidity Pool (JLP).
The stablecoin will also become the primary asset in Jupiter Lend, enabling users to borrow, lend, and collateralise positions using a single unified currency.
According to Jupiter, the move is part of its long-term vision to build an integrated financial layer for Solana.
By redirecting its own liquidity into JupUSD, the platform aims to strengthen on-chain volume and establish the stablecoin as the default medium for all transactions within its ecosystem.
Ethena’s advanced risk management and peg-stability mechanisms will underpin this shift, ensuring the asset remains secure and efficient.
Ethena’s expanding stablecoin model
For Ethena Labs, the partnership with Jupiter represents another step in expanding its Stablecoin-as-a-Service model.
The company, which already accounts for around 5% of the global stablecoin supply, plans to grow its total issuance to over $50 billion within two years.
Ethena’s framework allows blockchain projects to launch their own stablecoins backed by institutional-grade reserves, aligning decentralised systems with real-world financial assets.
Ethena’s founder, Guy Swann, described the initiative as a bridge between regulated financial instruments and on-chain liquidity.
Swann emphasised that the collaboration with Jupiter exemplifies how DeFi protocols can adopt native, purpose-built stable assets to strengthen liquidity and reduce reliance on third-party issuers.
The post JUP price steadies as Jupiter and Ethena prepare to launch JupUSD stablecoin appeared first on Invezz
Читать больше