Jupiter、Ethena Labs 和 JupUSD：Solana 地平線上的新穩定幣

Jupiter 和 Ethena Labs 聯手推出 JupUSD，這是一種 Solana 原生穩定幣，將撼動 DeFi 格局。了解這一激動人心的合作的內幕消息。

Jupiter, Ethena Labs, and JupUSD: A New Stablecoin on the Solana Horizon

Jupiter、Ethena Labs 和 JupUSD：Solana 地平線上的新穩定幣

Hold onto your hats, crypto enthusiasts! The dynamic world of decentralized finance (DeFi) is about to get even more interesting. Jupiter, the leading decentralized exchange (DEX) on Solana, is teaming up with Ethena Labs to launch JupUSD, a brand-new stablecoin. Set to launch in mid-Q4 2025, this collaboration promises to bring fresh innovation to the Solana ecosystem.

加密貨幣愛好者，請戴好帽子！去中心化金融 (DeFi) 的動態世界即將變得更加有趣。 Solana 上領先的去中心化交易所 (DEX) Jupiter 正在與 Ethena Labs 合作推出全新的穩定幣 JupUSD。此次合作將於 2025 年第四季度中期啟動，有望為 Solana 生態系統帶來新的創新。

What's the Buzz About JupUSD?

關於 JupUSD 的最新動態是什麼？

JupUSD isn't just another stablecoin; it's engineered to be deeply integrated into the Jupiter ecosystem. Think of it as the glue that will connect all of Jupiter's offerings, from perpetual futures trading to lending markets and beyond. Here's a breakdown of what makes JupUSD stand out:

JupUSD 不僅僅是另一種穩定幣；它也是一種穩定幣。它經過精心設計，可深度融入 Jupiter 生態系統。將其視為連接 Jupiter 所有產品（從永續期貨交易到借貸市場等）的粘合劑。以下是 JupUSD 脫穎而出的原因分析：

• Solana Native: JupUSD will be native to the Solana blockchain, ensuring lightning-fast transactions and low fees.
• Ethena Labs Partnership: Built using Ethena Labs' white-label stablecoin infrastructure, JupUSD leverages proven technology and expertise.
• Full Collateralization: Initially, JupUSD will be 100% collateralized by USDtb, Ethena Labs' dollar-pegged token backed by short-term US Treasury assets, including BlackRock’s USD Institutional Digital Liquidity Fund.
• Ecosystem Integration: JupUSD will be the primary collateral on Jupiter Perps, a key liquidity asset in Jupiter Lend, and a versatile trading pair across all Jupiter platforms.

Ethena Labs: The Power Behind the Coin

Ethena Labs：代幣背後的力量

Ethena Labs is no stranger to the stablecoin game. They've already minted over $16 billion in stablecoins through their platform, with USDe and USDtb boasting impressive market caps. Their white-label stablecoin-as-a-service framework allows partners like Jupiter to issue branded stablecoins without the hassle of building everything from scratch.

Ethena Labs 對穩定幣遊戲並不陌生。他們已經通過其平台鑄造了超過 160 億美元的穩定幣，其中 USDe 和 USDtb 擁有令人印象深刻的市值。他們的白標穩定幣即服務框架允許像 Jupiter 這樣的合作夥伴發行品牌穩定幣，而無需從頭開始構建一切。

Why This Matters

為什麼這很重要

The launch of JupUSD highlights a growing trend in the crypto industry: the rise of white-label stablecoins. Companies like Stripe, Fiserv, and Bastion are now offering similar infrastructure services, making it easier than ever for businesses to enter the stablecoin market. This increased accessibility could lead to wider adoption of stablecoins and further innovation in the DeFi space.

JupUSD 的推出凸顯了加密行業的一個增長趨勢：白標穩定幣的崛起。 Stripe、Fiserv 和 Bastion 等公司現在提供類似的基礎設施服務，使企業比以往任何時候都更容易進入穩定幣市場。這種可訪問性的增加可能會導致穩定幣的更廣泛採用以及 DeFi 領域的進一步創新。

Jupiter's Grand Plan

木星的宏偉計劃

Jupiter plans to gradually replace approximately $750 million in existing stablecoins in its liquidity pool with JupUSD. This strategic move will solidify JupUSD's position as the primary collateral asset on the platform. Furthermore, the integration of JupUSD is expected to enhance yield opportunities for users, particularly with the planned addition of USDe as a secondary backing asset in the future.

Jupiter 計劃逐步用 JupUSD 取代其流動性池中約 7.5 億美元的現有穩定幣。這一戰略舉措將鞏​​固 JupUSD 作為平台主要抵押資產的地位。此外，JupUSD 的整合預計將增加用戶的收益機會，特別是計劃在未來添加 USDe 作為輔助支持資產。

Looking Ahead

展望未來

With a launch timeline set for mid-Q4 2025, the Jupiter team has several months to fine-tune the smart contracts for JupUSD minting and redemption and conduct thorough security audits. The broader stablecoin market, now exceeding $300 billion in total capitalization, is a competitive arena. However, Jupiter's strong position within the Solana ecosystem and its partnership with Ethena Labs give JupUSD a solid foundation for success.

Jupiter 團隊的發佈時間表定於 2025 年第四季度中期，因此有幾個月的時間來微調 JupUSD 鑄造和贖回的智能合約，並進行徹底的安全審計。更廣泛的穩定幣市場目前總資本超過 3000 億美元，是一個競爭激烈的舞台。然而，Jupiter 在 Solana 生態系統中的強勢地位及其與 Ethena Labs 的合作關係為 JupUSD 的成功奠定了堅實的基礎。

Final Thoughts

最後的想法

So, there you have it, folks! Jupiter and Ethena Labs are teaming up to bring JupUSD to life, and it's shaping up to be a game-changer. Keep your eyes peeled for more updates as we get closer to the Q4 2025 launch. Who knows, maybe JupUSD will be the next big thing in your crypto portfolio? Until then, happy trading, and may your stablecoins always stay stable!

所以，這就是你得到的，伙計們！ Jupiter 和 Ethena Labs 正在聯手打造 JupUSD，它將成為遊戲規則的改變者。隨著 2025 年第四季度發布的臨近​​，請密切關注更多更新。誰知道，也許 JupUSD 會成為您的加密貨幣投資組合中的下一個重要事物？在此之前，祝您交易愉快，祝您的穩定幣始終保持穩定！