JupUSD Could Position Jupiter as Solana’s Native Stablecoin, Potentially Deepening DeFi Liquidity

JupUSD is Jupiter’s upcoming Solana-native stablecoin designed to become the platform’s primary unit of account and deepen on-chain liquidity across swaps, lending, and ￰0￱ is expected later this quarter after audits, initially backed by USDtb and expanding to Ethena’s ￰1￱ will replace USDC as Jupiter’s primary unit of account Planned conversion of roughly $750 million in USDC into JupUSD liquidity pools Stablecoin market cap exceeds $300 billion; Solana stablecoins exceed $15.3 billion (CoinMarketCap) JupUSD Solana stablecoin: launch expected Q4 2025, backed by USDtb and USDe — read how Jupiter aims to deepen on-chain liquidity and replace USDC on its ￰2￱ is JupUSD and why does it matter?

JupUSD is Jupiter’s Solana-native stablecoin designed to centralize liquidity across trading, lending, and perpetual markets on the ￰3￱ matters because the token is intended to replace USDC as Jupiter’s unit of account and to convert roughly $750 million of USDC into native liquidity pools, tightening on-chain liquidity ￰4￱ will JupUSD be backed and launched? JupUSD will launch after audits and an initial partnership-backed issuance using USDtb reserves, with plans to expand collateral to Ethena’s synthetic dollar, ￰5￱ has announced a phased approach: audit completion, controlled liquidity migration, and progressive integration across swaps, lending, and ￰6￱ much liquidity could JupUSD capture?

With global stablecoin market cap over $300 billion and Solana stablecoins > $15.3 billion (CoinMarketCap), even modest market share could place JupUSD among the largest ecosystem-native stablecoins on ￰7￱ plans a gradual conversion of about $750 million in USDC—an amount that would materially deepen native ￰8￱ are the main risks and tests for JupUSD? Key tests include peg resilience under stress, reserve transparency, and regulatory compliance amid rising ￰9￱ ￰10￱ legislation (referenced as the Genius Act in public reporting) raises reserve and licensing standards that could affect issuance and custodial requirements. Jupiter’s strategic role in Solana’s DeFi stack Jupiter is a core liquidity hub on Solana, serving swaps, perps, and structured ￰11￱ reports significant TVL and acts as a primary liquidity ￰12￱ a native stablecoin aims to reduce reliance on externally issued dollars and shorten settlement loops across products.