Jupiter, a leading player in the Solana decentralized finance space, is launching its own native stablecoin, JupUSD. This announcement marks a significant expansion for Jupiter and will impact Solana’s DeFi ecosystem significantly. By partnering with Ethena Labs, known for their expertise in yield-bearing stablecoins, Jupiter aims to increase liquidity and yields within Solana’s DeFi landscape. 750 million USDC from the platform’s Liquidity Provider Pool is being converted to JupUSD. This move will likely boost Jupiter’s total value locked (TVL), currently around $3.58 billion, as part of a strategic conversion strategy. JupUSD will be fully backed by USDtb, offering robust financial backing, and potentially influence liquidity patterns within the platform.