๐ฅ New: Jupiter unveils JupUSD, the integrated native stablecoin that enhances the on-chain finance system in Solana!
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๐ข The awaited launch:
โ Jupiter, the leading DeFi platform on Solana, announced JupUSD in partnership with Ethena Labs, with launch next week
โ Backed 100% by USDtb (built on the BlackRock BUIDL fund), with the addition of USDe to enhance returns for holders
โ $750 million of USDC in liquidity pools will gradually be converted to JupUSD as primary collateral
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๐ก Analysis:
โ Specifically designed for deep integration: trading, lending, perpetual contracts, and Jup Mobile, with minting and redemption contracts after security audits
โ A strategic move to reduce reliance on external stablecoins, enhancing liquidity and efficiency in Solana
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โก Why does it matter to you?
โ Strengthens DeFi on Solana with a stablecoin that generates yields, attracting investors and opening opportunities in RWA and fast payments
โ With the rapid launch, it could push JUP and SOL to new highs in the stablecoin season
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โDo you think JupUSD will become the main stablecoin in Solana, surpassing USDC and USDT?
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