🚹 Ethena Labs x Jupiter Partner to Launch JupUSD Stablecoin on Solana

A major move in the Solana DeFi ecosystem — Ethena Labs has teamed up with Jupiter to launch JupUSD, a new native stablecoin built on Ethena’s Stablecoin-as-a-Service infrastructure.

🔍 Key Highlights:

đŸ”č JupUSD will replace $750M in stablecoins currently used inside Jupiter’s Liquidity Pool (JLP).

đŸ”č It will become the core lending asset for Jupiter Lend, integrating across all major Jupiter DeFi products.

đŸ”č Initially backed by USDTb (supported by BlackRock’s BUIDL fund), with plans to diversify using Ethena’s USDe synthetic dollar over time.

đŸ”č Marks a major step in stabilizing liquidity and deepening native DeFi integration within the Solana ecosystem.

With this collaboration, Jupiter is positioning JupUSD as the foundation for its expanding DeFi suite — from liquidity pools to perpetuals and lending protocols.

🚀 A big leap toward more integrated and resilient stablecoin infrastructure on Solana.

👉 Read more about how JupUSD could reshape Solana’s DeFi landscape here.

#Solana #DeFi #Stablecoin #EthenaLabs #Jupiter

https://coingape.com/ethena-labs-and-jupiter-partner-to-launch-jupusd-stablecoin/?utm_source=coingape&utm_medium=linkedin