Workflow
jupUSD
icon
Search documents
X @Andy
Andy· 2025-10-08 14:06
JUST IN:Ethena & Jupiter are launching jupUSD, the new Solana native stablecoin.JUPUSD will be issued natively on Solana, enabling seamless integration across DeFi protocols with lower friction and costs.According to The Block, Jupiter plans to “progressively convert” about $750 million of USDC from its Liquidity Provider Pool into JupUSD.Specific design details haven’t been fully disclosed, JUPUSD is expected to follow Ethena’s model of yield-generating, collateral-backed stablecoins.Ethena will now spearh ...