Jupiter Launches JupUSD Stablecoin With 90% BlackRock Treasury Backing and Native Yield Distribution

TLDR: JupUSD becomes the first stablecoin actively returning native treasury yields directly to the ecosystem holders. Reserve structure allocates 90% to BlackRock’s BUIDL Fund treasury bonds and 10% to USDC for robust backing. Users access treasury yields by supplying JupUSD on Jupiter Lend, receiving yield-bearing jlJupUSD tokens. The yield-bearing asset functions as a composable DeFi [...]

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