JupUSD Launch Could Strengthen Solana DeFi Liquidity and Elevate Ethena’s Role

JupUSD is Jupiter Exchange’s new Solana-based stablecoin, launched with Ethena Labs’ Stablecoin-as-a-Service stack to replace roughly $750M in JLP stablecoin liquidity and serve as the primary collateral for Jupiter Lend, aiming for mid‑Q4 2025 mint/redeem deployment pending ￰0￱ Solana stablecoin integrated across Jupiter: Perps, Lend, Swap, Pro, ￰1￱ 100% USDtb collateralisation, with USDe (Ethena) planned later to diversify backing and ￰2￱ replacement of ~$750 million in existing JLP stablecoin liquidity to centralize on-chain settlement and deepen DeFi ￰3￱ Solana stablecoin launches on Jupiter with Ethena tech; access integrated across Perps, Lend and Swap — learn how to use and what changes for ￰4￱ — Jupiter and Ethena Partner to Launch Solana-Based Stablecoin JupUSD By COINOTAG / Maxwell Mutuma — 08 October 2025, 14:55:14 GMT What is JupUSD?

JupUSD is a Solana-native stablecoin issued by Jupiter Exchange in partnership with Ethena Labs, built on Ethena’s Stablecoin-as-a-Service stack to act as the primary on‑chain settlement asset across Jupiter ￰5￱ launch replaces approximately $750 million in current Jupiter liquidity pools to centralize liquidity, improve stability, and power Jupiter ￰6￱ will JupUSD integrate across the Jupiter ecosystem? JupUSD will be embedded across Jupiter Perps, Lend, Swap, Pro, and Mobile, enabling unified settlement and deeper liquidity for trading and lending ￰7￱ roadmap: mint-and-redeem contracts under development and expected to go live in mid‑Q4 2025, subject to audits and security ￰8￱ is the collateral design important for JupUSD?

Initially 100% collateralised by USDtb to ensure transparency and stability during the launch ￰9￱ time, Ethena’s yield-bearing USDe will be added to diversify backing and optimise ￰10￱ will this affect liquidity and markets? Replacing the stablecoins inside Jupiter Liquidity Provider (JLP) pools—roughly $750M—positions JupUSD as a cornerstone asset for Jupiter Lend and related ￰11￱ reaction: Ethena (ENA) and Jupiter (JUP) show short-term volatility; analysts expect the launch to strengthen Solana DeFi liquidity and bolster Ethena’s cross‑chain stablecoin ￰12￱ are the global implications? Ethena’s recent expansion through a partnership with UR Global has extended USDe distribution to 45+ countries via a neobank ￰13￱ program offers yield incentives and fiat conversion features that can complement JupUSD’s on‑chain ￰14￱ Labs tweet (plain text): Introducing JupUSD: the native stablecoin of the JupiterExchange ecosystem built on Ethena’s Stablecoin-as-a-Service ￰15￱ will plug into every major part of the Jupiter stack, including Jupiter Perps, where the ~$750m in stablecoins inside of JLP will gradually be… — Ethena Labs (October 8, 2025) Frequently Asked Questions Will JupUSD be fully collateralised at launch? ￰16￱ will launch fully collateralised by USDtb to provide initial stability and auditability; USDe will be introduced later to diversify collateral and add yield ￰17￱ can users mint or redeem JupUSD?

Mint-and-redeem contracts are slated for mid‑Q4 2025 pending audits and security ￰18￱ should expect phased rollouts tied to audit ￰19￱ Takeaways Native stablecoin: JupUSD is Jupiter’s Solana-native stablecoin built with Ethena’s ￰20￱ consolidation: It will replace ~ $750M in JLP stablecoin liquidity to centralize ￰21￱ plan: Launch collateral = 100% USDtb; USDe planned later to enhance yield and ￰22￱ JupUSD represents a strategic step for Jupiter and Ethena to unify settlement on Solana, deepen DeFi liquidity, and introduce a managed path from fiat‑backed collateral to yield‑bearing ￰23￱ for mid‑Q4 2025 audits and the phased mint/redeem rollout to determine market impact.

Published: 2025-10-08T14:55:14Z — Updated: 2025-10-08T14:55:14Z Author: COINOTAG (reporting by Maxwell Mutuma) Sources referenced: Ethena Labs, Jupiter Exchange, UR Global (source names provided as plain text). Rate this post Related Posts Trump-Linked WLFI Sells Tokens at Premium to Hut 8 Shibarium Reopens After Exploit, Plans User Compensation Alchemy Joins RootData’s 2025 Top 100 Web3 Projects List Binance Secures Kazakhstan License, Launches Stablecoin and Adds BNB Other Posts Aave Founder Stani Kulechov Sells $2.38M Ethena Tokens Internet Giants Reportedly Withdrawing from Hong Kong Stablecoin Licenses Pendle and Penpie Secure Ethereum Funds Post Hack Venus Protocol Comptroller Exploit Transfers $27 Million on BNB Chain , "description": "JupUSD Solana stablecoin launches on Jupiter with Ethena tech; integrated across Perps, Lend and Swap to replace ~$750M in liquidity."