Jupiter launches JupUSD stablecoin in partnership with Ethena on the Solana ecosystem
- JupUSD promises to strengthen DeFi liquidity on Solana
- Stablecoin will initially be backed by USDtb
- Jupiter and Ethena Partnership Boosts Solana
Jupiter, Solana's largest decentralized exchange aggregator, has revealed plans to launch JupUSD, a new native stablecoin for the network that aims to expand on-chain liquidity across the ecosystem. The announcement was made on October 8th, following the formalization of a strategic partnership with Ethena Labs, and the launch is expected to occur later this quarter, following the completion of security audits.
JupUSD will initially be backed by USDtb, and the team intends to later expand collateral sources to include USDe, the synthetic dollar developed by Ethena. Jupiter's proposal is to create a unified liquidity base across its swap, lending, and perpetual markets, replacing USDC as the primary settlement unit within the platform.
According to the company, approximately $750 million in USDC will be gradually converted to JupUSD through the protocol's liquidity pools. This move reflects Jupiter's intention to solidify Solana as a benchmark for native liquidity and high-speed DeFi solutions.
BREAKING: Jupiter is launching its own stablecoin 🥳
Built in partnership with @ethena_labs , engineered to connect the Jupiverse. $JupUSD , going live in Q4. pic.twitter.com/MWTNTwpvHJ
— Jupiter (🐱, 🐐) (@JupiterExchange) October 8, 2025
The launch comes at a time of rapid expansion in the stablecoin sector, which already exceeds a market capitalization of US$300 billion across various blockchains. On Solana itself, the market value of stablecoins exceeds US$15,3 billion, demonstrating the growing relevance of these assets in the ecosystem.
Furthermore, the market is closely monitoring developments in the Genius Act, a US bill that seeks to establish reserve and licensing standards for stablecoin issuers, which could pave the way for new regulatory-compliant tokenized dollar models.
According to data from DefiLlama, Jupiter currently has the highest total value locked (TVL) on Solana, with approximately $3,6 billion. The introduction of JupUSD should strengthen the internal liquidity cycle across DeFi products and reduce reliance on external stablecoins.
However, adoption of the new asset will depend on factors such as market confidence, parity stability, and regulatory clarity. JupUSD's performance after its launch will determine whether it becomes a key liquidity pillar on Solana.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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