Jupiter & Ethena Launch JupUSD, Solana’s New Stablecoin

Jupiter Exchange has announced the launch of JupUSD, a native Solana-based stablecoin built in partnership with Ethena Labs. This new stablecoin aims to bolster Jupiter’s ecosystem by replacing $750 million in liquidity pools and powering its lending platform, Jupiter Lend. JupUSD is supported by Ethena’s Stablecoin-as-a-Service (SaaS) tech stack, seamlessly integrating into Jupiter’s trading, perpetual markets, and lending products.