Ethena and Jupiter Launch JupUSD Stablecoin, Shifting $750 Million USDC to Solana

Jupiter Exchange has partnered with Ethena Labs to launch JupUSD, a new stablecoin designed for the Solana blockchain. This partnership will see $750 million in USDC assets transferred to the JupUSD platform, marking a significant step towards enhancing liquidity and stability within Jupiter’s DeFi ecosystem. 2 The move aims to centralize assets within the Solana ecosystem, potentially revolutionizing market dynamics and trading strategies for Jupiter.