Jupiter's JupUSD Formally Launches

Jupiter Launches JupUSD Stablecoin Built on Ethena Infrastructure

Jupiter, the leading decentralized exchange on Solana, has launched JupUSD, a reserve-backed stablecoin pegged to the U.S. dollar and designed for integration across its trading and lending ecosystem.The stablecoin, built in collaboration with Ethena Labs, will initially hold 90% of reserves in USDtb—a licensed, GENIUS-compliant stablecoin collateralized by BlackRock's BUIDL Fund—with a 10% USDC liquidity buffer paired with a secondary pool on M…

Jupiter's JupUSD formally launches

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 buffer, paired with a secondary pool on Meteora. Jupiter debuts its JupUSD s…

Jupiter launches JupUSD stablecoin backed by BlackRock's BUIDL and USDC reserves

Jupiter launches JupUSD, a reserve-backed stablecoin pegged to the dollar and integrated across its lending, trading, and broader ecosystem. The post Jupiter launches JupUSD stablecoin backed by BlackRock’s BUIDL and USDC reserves appeared first on Crypto Briefing.