Jupiter and Ethena Set To Launch Solana’s Native Stablecoin: jupUSD

Solana is getting its own native stablecoin, and it’s coming from two of the ecosystem’s most influential players. Jupiter, the largest DeFi aggregator on Solana, is teaming up with Ethena Labs to launch jupUSD, a yield-generating, collateral-backed stablecoin built directly for Solana’s fast-growing DeFi ecosystem. BREAKING: Jupiter is launching its own stablecoin Built in partnership with @ethena_labs , engineered to connect the Jupiverse. $JupUSD , going live in ￰0￱ — Jupiter ( , ) (@JupiterExchange) October 8, 2025 According to the official announcement from Jupiter Exchange on X, the project is expected to go live in Q4 2025, once its contracts have completed multiple ￰1￱ move positions Jupiter to become more than just a trading hub, it’s building an integrated financial layer for ￰2￱ Is jupUSD?

jupUSD is designed to be a Solana-native stablecoin, issued directly on-chain and optimized for low-cost, high-speed ￰3￱ wrapped or bridged stablecoins, jupUSD will live entirely within the Solana network, enabling seamless interaction across Jupiter’s suite of products and Solana-based DeFi ￰4￱ launch, jupUSD will be 100% backed by USDtb, a token nearly fully backed by BlackRock’s BUIDL fund, one of the most transparent and institutionally supported stablecoin reserves on the ￰5￱ time, Jupiter plans to add USDe from Ethena Labs as collateral, enabling yield optimization for holders while maintaining strong peg ￰6￱ in Partnership With Ethena Labs Jupiter chose Ethena Labs for a ￰7￱ has built one of the most successful stablecoin frameworks in crypto, responsible for minting over $16 billion worth of stablecoins to ￰8￱ Jupiter put it in their announcement: “No one knows stablecoins like Ethena.” The collaboration means Ethena will lead Solana’s stablecoin ecosystem, helping Jupiter develop mechanisms for peg stability, liquidity depth, and ecosystem adoption.

Ethena’s experience with yield-bearing, collateral-backed designs will shape jupUSD’s structure, likely following the same risk-managed model that powers USDe, Ethena’s own dollar-pegged ￰9￱ JupUSD: the native stablecoin of the @JupiterExchange ecosystem built on Ethena's Stablecoin-as-a-Service ￰10￱ will plug into every major part of the Jupiter stack, including: – Jupiter Perps: where the ~$750m in stablecoins inside of JLP will gradually be… ￰11￱ — Ethena Labs (@ethena_labs) October 8, 2025 Ethena Labs confirmed the partnership in a post on X, calling jupUSD “a Solana native stablecoin for the entire Jupiter ecosystem.” The synergy between both projects sets the stage for one of the most integrated stablecoin ecosystems in crypto.

Jupiter’s $750 Million Liquidity Move In a bold strategic decision, Jupiter plans to “progressively convert” $750 million of USDC from its Liquidity Provider Pool into jupUSD. That’s a massive commitment, signaling not only confidence in the new stablecoin but also a shift toward internal ecosystem ￰12￱ move will likely deepen on-chain volume for jupUSD from day ￰13￱ redirecting part of its own liquidity, Jupiter ensures there’s immediate market depth and usability across all its core ￰14￱ plan echoes Jupiter’s broader vision: to make jupUSD the default medium for every action on the platform, trading, lending, and collateralizing ￰15￱ Integration Across Jupiter Products jupUSD won’t just be another stablecoin floating around ￰16￱ will be deeply integrated across every Jupiter product, making it the backbone of the entire ecosystem.

Here’s what that looks like: Collateral on Jupiter Perps : Traders can post jupUSD as margin for perpetual ￰17￱ in Jupiter Lend: jupUSD becomes a core lending and borrowing ￰18￱ on Swap, Pro, and Mobile: Seamless stable trading pairs with deep ￰19￱ in Future Products: Jupiter hints at new upcoming DeFi tools that will natively use ￰20￱ short, if you’re using Jupiter, you’ll be using ￰21￱ $JUP holders are teased to benefit, as the team described it: “A stablecoin for everything Jupiter (including $JUP holders ).” A New Standard for Solana Stablecoins For Solana, the introduction of jupUSD marks a key ￰22￱ stablecoins currently circulating on Solana, including USDC and USDT, are issued by external ￰23￱ changes that, bringing a natively issued and ecosystem-aligned ￰24￱ native approach reduces friction and transaction costs while improving composability across Solana DeFi ￰25￱ can integrate jupUSD directly into protocols without relying on bridges or external minting ￰26￱ pairing Ethena’s yield mechanics with Jupiter’s liquidity dominance, jupUSD could become the first yield-generating stablecoin natively built on Solana, a strong differentiator in a market dominated by centralized stable ￰27￱ and Launch Timeline Security remains central to Jupiter’s ￰28￱ mint-redeem contracts for jupUSD are being built natively on Solana and will undergo multiple independent audits before going ￰29￱ launch is currently targeted for mid-Q4 2025, following a rigorous review ￰30￱ project is also inviting partners and institutions to get involved ￰31￱ interested in integrating, listing, or holding jupUSD on their balance sheet can reach out directly via partnerships@jupusd.

money(mailto:partnerships@jupusd. money) to become launch ￰32￱ This Matters Stablecoins have long been the lifeblood of crypto ￰33￱ Solana, a network that thrives on high-speed, low-cost trading, having a native, fully integrated stablecoin is a major step ￰34￱ already processes some of the largest daily swap volumes on Solana, and by introducing its own native stable asset, it effectively builds a self-sustaining liquidity ￰35￱ dollar in the ecosystem stays within the ecosystem, circulating through swaps, lending, and perps without relying on external bridges or issuers. Meanwhile, Ethena brings proven expertise in peg stability and yield mechanics, reducing the typical risks associated with new stablecoin ￰36￱ Solana’s DeFi ecosystem continues to expand, the introduction of jupUSD could reshape stablecoin usage across the ￰37￱ by USDtb initially, then diversified with USDe, the stablecoin combines institutional-grade collateral with the composability of ￰38￱ Jupiter converting hundreds of millions in liquidity and Ethena providing a robust framework for stability and yield, jupUSD is poised to become Solana’s cornerstone stable asset, a token that ties together trading, lending, and on-chain liquidity in one unified ￰39￱ countdown to Q4 2025 is already ￰40￱ if Jupiter and Ethena deliver on their promises, jupUSD could redefine what it means to be a native stablecoin in the Solana ecosystem.

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