Jupiter, a prominent crypto exchange, has launched $JupUSD in collaboration with Ethena Labs, known for enabling internet money. $JUPUSD is the native stablecoin which is reserve-backed pegged to US Dollar set to usher the new era of decentralized finance (DeFi). Built with Ethena Labs, $JUPUSD is designed to connect the entire Jupiverse.
Jupiter’s native stablecoin will have deep integrations across everytyhing Juipter ecosystem i.e., collateral on perps, liquidity on lend, trading on Swap, pro and mobile. Through this initiative, Jupiter ecosystem will have its own source of stable onchain liquidity. Jupiter exchange has revealed this news with the crypto news through its official social media platform, X account.
Jupiter and Ethena Labs Set to Strengthen Stablecoin Reliability and DeFi Utility
As per the details shared by Jupiter crypto exchange, $JupUSD is leveraging battle-tested stablecoin infrastructure. The stablecoin is designed in such a wat that it’d ensure to deliver reliability, liquidity, and scalability alongwith maintaining transparency in reserve management at the same time. Jupiter believes that this launch marks a major step toward strengthening stablecoin utility in DeFi space across onchain financial applications.
Jupiter disclosed that 90% of $JupUSD reserves will be held in USDtb, a licensed and GENIUS-compliant stablecoin at the time of its launch. USDtb is collateralized by BlackRock’s BUIDL Fund to provide the institutional-grade backing and regulatory alignment. While the other remaining 10% of reserves will be maintained as a $USDC liquidity buffer to ensure stability and scalability. In addition to that, JupUSD liquidity will be supported through a secondary pool on Meteora in order to enhance efficiency of the market.
Advancing Towards the Future of Onchain Finance
In the coming time, Jupiter exchange is set to gradually diversify its reserve composition. It is more likely that a portion of reserves may transition to $USDe for greater flexibility, improved capital efficiency, and enhanced resilience. This adaptive reserve strategy reflects Jupiter’s long-term vision for sustainable and scalable onchain finance. And to transform this idea on practical ground, Ethena Labs is playing the significant role in building the stablecoin.
With JupUSD, Jupiter in synergy with Ethena Labs, aims to deliver a robust, transparent, and institutionally aligned stablecoin solution to revolutionize the onchain finance. As stablecoins continue to play a critical role in decentralized finance (DeFi), $JupUSD has positioned itself as a foundational digital and stable asset to power the future of onchain finance.
ShahZaib Ahmed is a seasoned Crypto Journalist passionate about cryptocurrencies, blockchain technology, and decentralized finance (DeFi). With years of experience in the industry, ShahZaib Ahmed has written extensive news articles, price analysis articles and guide articles on Cryptocurrencies, Blockchain, DeFi, NFTs, Web3, and FinTech. Known for insightful analysis and a keen understanding of market trends, he brings complex concepts to life for beginners and seasoned investors.
- ShahZaib Ahmed
- ShahZaib Ahmed
- ShahZaib Ahmed
- ShahZaib Ahmed
