Ethena Labs and Jupiter Partner to Launch JupUSD Stablecoin on Solana

TLDR Jupiter will launch a new stablecoin, JupUSD, on the Solana blockchain in the fourth quarter of 2025. Ethena Labs will support the launch of JupUSD through its white-label stablecoin infrastructure. Jupiter plans to convert $750 million worth of USDC from its liquidity pool into JupUSD to provide initial liquidity. USDtb will back JupUSD at [...]

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