Jupiter announced the launch of JupUSD, a new reserve-backed stablecoin issued natively on Solana and built in partnership with Ethena. JupUSD streamlines the onchain finance experience, providing a clear, transparent unit of account that snaps into the Jupiter Superapp and the wider Solana ecosystem so users, market makers, and builders can move value with confidence.
JupUSD is backed by USDtb and USDC held in segregated, publicly verifiable custodian wallets. Collateralized by BlackRock’s BUIDL Fund, USDtb is issued under a licensed, GENIUS-compliant framework, with institutional-grade custody. The result is a clean dollar primitive that behaves like any SPL token while providing the clarity institutions and integrators expect.
“Jupiter is the leader in onchain finance, and JupUSD is a valuable component of our growing suite of DeFi products,” said Xiao-Xiao J. Zhu, President of Jupiter. “I want to congratulate Jupiter’s team and our partner Ethena for the har
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