JupUSD May Anchor Solana DeFi as Jupiter Replaces About $750M in Stablecoins

JupUSD stablecoin is a native Solana stablecoin launched by Ethena Labs and Jupiter Exchange to replace roughly $750 million of existing stablecoins in Jupiter’s liquidity pool, initially backed by USDTb tied to BlackRock’s BUIDL fund and designed to unify liquidity and lending across Jupiter’s DeFi ￰0￱ replaces ~$750M of stablecoins in Jupiter’s liquidity pool Backed initially by USDTb connected to BlackRock’s BUIDL fund; Ethena will add USDe over time Ethena projects stablecoin supply growth toward $50 billion and deeper institutional integration JupUSD stablecoin launches on Solana to replace $750M of stablecoins in Jupiter’s pool; learn how JupUSD will unify liquidity and power lending across Jupiter’s DeFi stack — read ￰1￱ Labs and Jupiter Exchange introduce JupUSD, a stablecoin to replace $750M in assets and anchor Solana’s DeFi ￰2￱ Labs and Jupiter Exchange launch JupUSD to replace $750 million in existing stablecoins across Solana’s DeFi ￰3￱ stablecoin will be backed by USDTb tied to BlackRock’s BUIDL fund, connecting tokenized assets with decentralized ￰4￱ plans to expand its Stablecoin-as-a-Service model, aiming for $50 billion in supply and deeper institutional ￰5￱ Labs has entered a partnership with Jupiter Exchange to launch JupUSD , a native stablecoin designed to strengthen Solana’s decentralized finance ￰6￱ collaboration introduces a purpose-built stable asset that will power Jupiter’s trading and lending operations and integrate into core components of the ￰7￱ will initially replace around $750 million worth of stablecoins inside the Jupiter Liquidity ￰8￱ token will become the core lending asset within Jupiter Lend, expanding across multiple Solana-based ￰9￱ says this integration improves liquidity efficiency and supports a unified stablecoin framework across Jupiter’s ￰10￱ is JupUSD and how will it affect Solana’s DeFi?

JupUSD stablecoin is a native dollar-equivalent token issued by Ethena for Jupiter Exchange to consolidate liquidity on ￰11￱ centralizes trading and lending liquidity, reduces fragmentation from multiple third-party stablecoins, and aims to make liquidity provisioning and margining more efficient across Jupiter’s ￰12￱ is JupUSD backed and what reserves support it? At launch, JupUSD is backed by USDTb, a token reportedly supported by BlackRock’s BUIDL fund, tying tokenized ￰13￱ into the reserve ￰14￱ plans to diversify reserves by introducing USDe, its synthetic dollar, over ￰15￱ layered reserve strategy is intended to combine institutional-grade assets with protocol-native synthetic instruments for ￰16￱ JupUSD: the native stablecoin of the @JupiterExchange ecosystem built on Ethena’s Stablecoin-as-a-Service ￰17￱ will plug into every major part of the Jupiter stack, including: – Jupiter Perps: where the ~$750m in stablecoins inside of JLP will gradually be… ￰18￱ — Ethena Labs (@ethena_labs) October 8, 2025 Ethena’s Stablecoin-as-a-Service model allows protocols to issue fully backed stablecoins while integrating institutional-grade ￰19￱ Jupiter collaboration reflects a trend among major DeFi protocols to issue native stable assets tailored to specific ecosystems, reducing dependency on third-party issuers and improving composability for on-chain ￰20￱ does JupUSD matter for liquidity and lending?

JupUSD creates a single on-chain dollar asset for Jupiter’s markets, simplifying liquidity routing, reducing slippage, and standardizing collateral for lending and ￰21￱ one dominant stable asset inside the Jupiter stack, treasury management, oracle pricing, and risk controls become easier to coordinate across ￰22￱ are the market projections and institutional implications? Ethena’s founder, Guy Swann, states Ethena’s products currently represent nearly 5% of global stablecoin supply and that the firm expects supply to exceed $50 billion within two ￰23￱ connections—highlighted by the USDTb/BUIDL linkage—signal greater interest from tokenized-tradFi providers in DeFi-native settlement layers. , "description": "Ethena Labs and Jupiter Exchange launch JupUSD, a native Solana stablecoin backed by USDTb tied to BlackRock’s BUIDL fund, aiming to replace $750M of existing stablecoins and unify Jupiter’s liquidity.", , "publisher": Frequently Asked Questions Will JupUSD replace all third‑party stablecoins on Jupiter?

JupUSD is intended to replace the majority of stablecoins in Jupiter’s liquidity pool over time, beginning with an estimated $750 ￰24￱ will be gradual and subject to liquidity migration and risk ￰25￱ JupUSD fully collateralized? At launch JupUSD is backed by USDTb tied to tokenized ￰26￱ via the BUIDL fund, and Ethena plans to add its synthetic USDe to diversify reserves and strengthen ￰27￱ Takeaways Unified liquidity : JupUSD consolidates dollar liquidity inside Jupiter, reducing ￰28￱ bridge : Initial backing by USDTb and the BUIDL fund ties tokenized Treasuries to ￰29￱ target : Ethena projects rapid growth, targeting ~ $50 billion in stablecoin supply over ￰30￱ JupUSD represents a strategic move by Ethena Labs and Jupiter Exchange to create a native, reserve-backed dollar for Solana’s DeFi ￰31￱ replacing an estimated $750 million of on-chain stablecoins and leveraging tokenized U.

S. Treasuries, JupUSD aims to streamline liquidity and lending across Jupiter ￰32￱ reserve diversification and adoption metrics as the rollout progresses; institutions and protocol treasuries will be key indicators of long-term success.