Solana’s Jupiter Plans JupUSD Stablecoin With Ethena Labs, May Serve as Ecosystem Collateral

JupUSD is Jupiter’s new dollar-pegged stablecoin built with Ethena Labs and scheduled for mid‑Q4 ￰0￱ will be 100% collateralized by Ethena’s USDtb and integrated across Jupiter products as collateral, liquidity and a native trading pair to streamline on‑chain USD ￰1￱ will be 100% collateralized by Ethena Labs’ USDtb at launch Integration across Jupiter Perps, lending pools and swap pairs with phased replacement of existing stablecoins Ethena’s white‑label stack and market data show USDtb/USDe combined market cap of $16.6B (plain text) JupUSD stablecoin launch by Jupiter and Ethena Labs, 100% USDtb‑backed, mid‑Q4 ￰2￱ what it means for Jupiter users and ￰3￱ more.

Solana’s leading DEX aggregator Jupiter is launching JupUSD to serve as the backbone of its ecosystem in partnership with Ethena ￰4￱ , a decentralized trading platform on Solana, has announced plans to launch its stablecoin in partnership with Ethena ￰5￱ new token, called JupUSD , is scheduled to go live in mid–Q4 2025 and will be integrated across Jupiter ￰6￱ is JupUSD? What is JupUSD? JupUSD is a dollar‑pegged stablecoin issued for the Jupiter ecosystem, initially 100% collateralized by Ethena Labs’ ￰7￱ will function as primary collateral on Jupiter Perps, a liquidity asset in lending pools, and a native trading pair across Jupiter products to improve capital ￰8￱ will JupUSD be integrated across Jupiter products?

JupUSD will be staged into three primary uses. First, it will replace stablecoins in Jupiter Perps as primary collateral. Second, JupUSD will act as a liquidity asset in lending pools. Third, Jupiter will list JupUSD as a trading pair across swaps and aggregator ￰9￱ reported an existing stablecoin liquidity pool of about $750 million that will be gradually replaced by ￰10￱ will add USDe over time to optimize yield mechanics and collateral composition.).