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Jupiter Exchange, the leading decentralized finance (DeFi) platform on the Solana blockchain, has launched a new native stablecoin called JupUSD to strengthen its position in the rapidly growing DeFi sector. The stablecoin is built in partnership with Ethena Labs.
According to the official announcement, 90% of reserves will initially be held in USDtb. For background, USDtb is a licensed, GENIUS-compliant stablecoin collateralized by BlackRock’s BUIDL Fund. The remaining 10% will maintain a USDC liquidity buffer, paired with a secondary pool on Meteora. This structure gives users confidence that each JupUSD is supported by real value.
Over time, Jupiter plans to transition a portion of its reserves to USDe, adding flexibility, resilience, and efficiency to the ecosystem. By anchoring its own dollar on Solana, Jupiter aims to reduce reliance on external stablecoins. This approach makes transactions smoother and more efficient across DeFi.
At the time of writing, the stablecoin has a market cap of about $7 million, reflecting rapid acceptance in the Solana DeFi ecosystem.
The platform noted that JupUSD enables seamless integration with Jupiter’s full product stack. Users can hold or use JupUSD to lend, borrow, or multiply. By depositing into Lend’s Earn Vaults, users receive jlJupUSD, which provides promotional rewards in addition to standard lending yields.
The team also plans to set up borrow vaults to provide JupUSD with additional liquidity and utility. Beyond lending, JupUSD will be integrated into Jupiter’s other products, including Limit Orders and Dollar-Cost Averaging (DCA) tools. The platform will also support perpetual markets (using JLP collateral) and prediction markets for settlement.
This unified design ensures that a single dollar can move effortlessly across multiple DeFi activities. It helps traders and investors stay agile while saving time and fees. Additionally, JupUSD is positioned not just as a stablecoin. It will also serve as a tool that enhances liquidity, efficiency, and user experience throughout Jupiter’s ecosystem.
The launch comes at a time when the Solana DeFi ecosystem is gaining real momentum. Jupiter has processed massive trading volumes and supported billions in liquidity across spot and perpetual markets. By issuing its own stablecoin built for speed and integration, Jupiter hopes to attract more liquidity, developers, and everyday users who seek a smoother on‑chain experience.
The post Solana’s Jupiter Debuts JupUSD Stablecoin to Grow DeFi Dominanc appeared first on CoinTab News.
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