Jupiter Taps Ethena Labs to Power Solana’s First Ecosystem Stablecoin JupUSD

TLDR: JupUSD will serve as the main stablecoin across Jupiter’s trading, lending, and perpetual markets on Solana. The stablecoin will initially be backed by USDtb, linked to BlackRock’s BUIDL fund for asset transparency. JupUSD will be integrated into Jupiter Perps, Lend, and Swap platforms, supporting the entire Jupiverse. Ethena Labs’ Stablecoin-as-a-Service framework powers JupUSD, with [...]

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