Market Cap: $3.599T -1.70%
Volume(24h): $243.2716B 9.31%
  • Market Cap: $3.599T -1.70%
  • Volume(24h): $243.2716B 9.31%
  • Fear & Greed Index:
  • Market Cap: $3.599T -1.70%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$107208.295278 USD

-1.54%

ethereum
ethereum

$3874.629914 USD

-1.38%

tether
tether

$1.000440 USD

0.03%

bnb
bnb

$1089.465513 USD

-5.53%

xrp
xrp

$2.327672 USD

-1.65%

solana
solana

$184.766505 USD

-0.73%

usd-coin
usd-coin

$1.000076 USD

0.02%

tron
tron

$0.310632 USD

-1.99%

dogecoin
dogecoin

$0.187615 USD

-1.60%

cardano
cardano

$0.633389 USD

-2.75%

ethena-usde
ethena-usde

$0.999553 USD

0.03%

hyperliquid
hyperliquid

$35.608231 USD

-4.13%

chainlink
chainlink

$16.876114 USD

-3.98%

stellar
stellar

$0.312239 USD

-0.91%

bitcoin-cash
bitcoin-cash

$473.262969 USD

-7.09%

Cryptocurrency News Articles

Jupiter, Ethena Labs, and JupUSD: A New Era for Solana DeFi

Oct 09, 2025 at 03:59 pm

Jupiter and Ethena Labs are teaming up to launch JupUSD, a native stablecoin that promises to shake up the Solana DeFi landscape. Get the inside scoop!

Jupiter, Ethena Labs, and JupUSD: A New Era for Solana DeFi

Jupiter, Ethena Labs, and JupUSD: A New Era for Solana DeFi

Hold onto your hats, folks! The Solana DeFi scene is about to get a whole lot more interesting. Jupiter, the biggest decentralized exchange (DEX) aggregator on Solana, is teaming up with Ethena Labs to launch its very own stablecoin: JupUSD. It's like peanut butter met jelly, but for the blockchain!

What's the Buzz About JupUSD?

JupUSD aims to be the lifeblood of the Jupiter ecosystem. Scheduled to launch in mid-Q4 2025, this stablecoin will be deeply integrated into all Jupiter products, from perpetual futures to lending pools. Think of it as the Swiss Army knife of DeFi on Solana. The goal? To create a unified liquidity base and make Jupiter even more awesome.

Ethena Labs: The Secret Sauce

Here's where Ethena Labs comes in. JupUSD will initially be backed by USDtb, Ethena's dollar-pegged token, which is itself backed by short-term US Treasury assets. Over time, Jupiter plans to add USDe, Ethena’s synthetic dollar, as a secondary backing asset. This isn't just some random partnership; Ethena is providing the white-label stablecoin infrastructure, letting Jupiter focus on what it does best: building a killer DEX.

Why This Matters

This is a big deal for a few reasons:

  • Native Liquidity: Jupiter aims to replace approximately $750 million in existing stablecoins with JupUSD, solidifying Solana as a hub for native liquidity.
  • Ecosystem Integration: JupUSD will be the primary collateral on Jupiter Perps and a key asset in lending pools and trading pairs.
  • White-Label Revolution: This partnership highlights the growing trend of white-label stablecoins, making it easier for projects to launch their own branded digital dollars.

The Bigger Picture: Stablecoins Galore

The stablecoin market is booming, exceeding $300 billion across various blockchains. Solana alone boasts over $15 billion in stablecoins. With regulatory changes potentially on the horizon (hello, Genius Act!), the timing couldn't be better for JupUSD to make its entrance.

My Two Sats

Honestly, this is exciting! Jupiter already dominates Solana DeFi with over $3.5 billion in total value locked (TVL). The introduction of JupUSD could supercharge the platform, reduce reliance on external stablecoins, and create a more robust internal liquidity cycle. However, it all hinges on market confidence, stability, and regulatory clarity. If JupUSD delivers, it could become a cornerstone of Solana's DeFi ecosystem.

Looking Ahead

Keep an eye on JupUSD's launch in mid-Q4 2025. If Jupiter and Ethena Labs pull this off, we could be looking at a whole new level of DeFi innovation on Solana. Who knows, maybe one day we'll all be paying for our morning coffee with JupUSD. Until then, stay tuned and keep those crypto wallets ready!

Original source:coincentral

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Oct 18, 2025