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Cryptocurrency · JupiterJupiter 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…See the Story

