X @Andy

Stablecoin Innovation - Ethena and Jupiter are launching jupUSD, a new Solana native stablecoin [1] - jupUSD will be issued natively on Solana, enabling seamless integration across DeFi protocols with lower friction and costs [1] - JUPUSD is expected to follow Ethena's model of yield-generating, collateral-backed stablecoins [1] Market Strategy - Jupiter plans to "progressively convert" approximately 750 million USD of USDC from its Liquidity Provider Pool into JupUSD [1] - Ethena will spearhead Solana's stablecoin ecosystem with Jupiter and work to maintain peg stability, build deep liquidity for jupUSD, and gain ecosystem adoption against USDC/USDT [2] Industry Outlook - The industry anticipates a "Stablecoin Supercycle" [2]