Jupiter、Ethena Labs 和 JupUSD：Solana DeFi 的新時代

Jupiter 和 Ethena Labs 正在聯手推出 JupUSD，這是一種原生穩定幣，有望撼動 Solana DeFi 格局。獲取內幕消息！

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

Jupiter、Ethena Labs 和 JupUSD：Solana DeFi 的新時代

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!

各位，請戴好你們的帽子！ Solana DeFi 場景即將變得更加有趣。 Jupiter 是 Solana 上最大的去中心化交易所 (DEX) 聚合商，它正在與 Ethena Labs 合作推出自己的穩定幣：JupUSD。這就像花生醬遇上果凍，但對於區塊鏈來說！

What's the Buzz About JupUSD?

關於 JupUSD 的最新動態是什麼？

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.

JupUSD 旨在成為 Jupiter 生態系統的命脈。該穩定幣計劃於 2025 年第四季度中期推出，將深度集成到從永續期貨到貸款池的所有 Jupiter 產品中。可以將其視為 Solana 上 DeFi 的瑞士軍刀。目標？創建統一的流動性基礎，讓 Jupiter 變得更加強大。

Ethena Labs: The Secret Sauce

Ethena Labs：秘密武器

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.

這就是 Ethena Labs 的用武之地。 JupUSD 最初將由 Ethena 的美元掛鉤代幣 USDtb 支持，而 USDtb 本身則由短期美國國債資產支持。隨著時間的推移，Jupiter 計劃添加 Ethena 的合成美元 USDe 作為輔助支持資產。這不僅僅是一些隨機的伙伴關係； Ethena 正在提供白標穩定幣基礎設施，讓 Jupiter 專注於它最擅長的事情：構建殺手級 DEX。

Why This Matters

為什麼這很重要

This is a big deal for a few reasons:

這是一件大事，原因如下：

• 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

更大的圖景：豐富的穩定幣

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.

穩定幣市場正在蓬勃發展，各種區塊鏈的穩定幣市場規模超過 3000 億美元。僅 Solana 就擁有超過 150 億美元的穩定幣。隨著監管變化可能即將到來（你好，天才法案！），JupUSD 進入的時機再好不過了。

My Two Sats

我的兩個星期六

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.

老實說，這很令人興奮！ Jupiter 已經以超過 35 億美元的總鎖定價值 (TVL) 主導 Solana DeFi。 JupUSD 的推出可以增強該平台的性能，減少對外部穩定幣的依賴，並創建更強大的內部流動性循環。然而，這一切都取決於市場信心、穩定性和監管清晰度。如果 JupUSD 兌現承諾，它可能會成為 Solana DeFi 生態系統的基石。

Looking Ahead

展望未來

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!

請密切關注 JupUSD 將於 2025 年第四季度中期推出。如果 Jupiter 和 Ethena Labs 成功實現這一目標，我們可能會在 Solana 上看到一個全新水平的 DeFi 創新。誰知道呢，也許有一天我們都會用 JupUSD 來支付早上的咖啡費用。在那之前，請繼續關注並準備好加密錢包！