Jupiter Announces $35M ParaFi Investment, Deal to Settle in JupUSD

Jupiter , a Solana-based decentralized exchange aggregator, announced on Feb. 2 a $35 million investment in its JUP token from ParaFi Capital. The deal will be settled entirely in JupUSD, Jupiter’s stablecoin. According to Jupiter’s announcement, the deal closed at current market price with ParaFi committing to an extended token lockup. Jupiter did not disclose the specific lockup duration. ParaFi Capital had not issued a public statement confirming the investment at the time of publication. JupUSD to ...