Jupiter Launches JupUSD Stablecoin Powered by Ethena
Jupiter has officially launched JupUSD, a USD-pegged, reserve-backed stablecoin built using Ethena Labs technology.
Around 90% of its reserves are held in the GENIUS-compliant USDtb stablecoin backed by BlackRock’s BUIDL fund, with the remaining 10% kept as a USDC liquidity buffer.
While JupUSD itself does not generate yield, it can be used across Jupiter Lend for deposits, lending, and leveraged strategies.
Users depositing into Lend’s yield vault receive jlJupUSD and gain access to exclusive incentives, adding liquidity and utility to the new stablecoin.
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