JUP 价格观察：JupUSD 稳定币将撼动 Solana DeFi

Jupiter 的 JUP 代币保持稳定，因为人们对 JupUSD（与 Ethena Labs 合作的新型 Solana 原生稳定币）的预期不断增强。以下是这一改变游戏规则的发展的内幕。

Hold onto your hats, folks! The world of Solana DeFi is about to get a whole lot more interesting. Jupiter's native token, JUP, is holding steady above $0.43 as everyone's buzzing about the upcoming launch of JupUSD, a brand-new stablecoin built right on Solana in collaboration with Ethena Labs. It's like the cool kids finally decided to throw their own party, and everyone wants an invite.

各位，请戴好你们的帽子！ Solana DeFi 的世界即将变得更加有趣。 Jupiter 的原生代币 JUP 稳定在 0.43 美元以上，因为每个人都在热议 JupUSD 即将推出，JupUSD 是与 Ethena Labs 合作在 Solana 上构建的全新稳定币。这就像酷孩子们最终决定举办自己的派对，而每个人都想要收到邀请。

JupUSD: A New Stablecoin on the Block

JupUSD：一种新的稳定币

So, what's the big deal about JupUSD? Well, this isn't just another stablecoin. Jupiter is positioning JupUSD to become the central currency of its ecosystem, aiming to replace approximately $750 million in existing stablecoins, primarily USDC, within its Liquidity Pool (JLP). This move could seriously shake things up and solidify Solana's position as a DeFi powerhouse.

那么，JupUSD 有什么大不了的呢？嗯，这不仅仅是另一种稳定币。 Jupiter 将 JupUSD 定位为其生态系统的中央货币，旨在取代其流动性池（JLP）内约 7.5 亿美元的现有稳定币，主要是 USDC。此举可能会严重改变现状并巩固 Solana 作为 DeFi 巨头的地位。

Key Takeaways:

要点：

• Native to Solana: JupUSD is being built as a fully on-chain stablecoin, designed to operate exclusively within Solana’s network, promising faster and cheaper transactions.
• Backed by USDtb: Initially, JupUSD will be fully backed by USDtb, a tokenised asset tied to BlackRock’s BUIDL fund. Later, Ethena’s USDe will be added to the collateral mix, bringing yield generation and enhanced stability.
• Deep Integration: Jupiter plans to integrate JupUSD across its suite of products, including its perpetuals platform, lending protocol, and trading applications.

Ethena's Expanding Role

Ethena 的角色不断扩大

Ethena Labs is playing a crucial role in this venture. This partnership represents another step in expanding its Stablecoin-as-a-Service model. They're aiming big, planning to grow its total issuance to over $50 billion within two years. Ethena’s framework allows blockchain projects to launch their own stablecoins backed by institutional-grade reserves, aligning decentralised systems with real-world financial assets.

Ethena Labs 在这项事业中发挥着至关重要的作用。此次合作代表着其稳定币即服务模式又向前迈出了一步。他们的目标很大，计划在两年内将其发行总额增加到超过 500 亿美元。 Ethena 的框架允许区块链项目推出自己的由机构级储备支持的稳定币，使去中心化系统与现实世界的金融资产保持一致。

Why This Matters

为什么这很重要

The launch of JupUSD is more than just another stablecoin hitting the market. It's a strategic move by Jupiter to control its own destiny within the Solana ecosystem. By creating a native stablecoin, Jupiter aims to boost on-chain volume and establish JupUSD as the go-to currency for all transactions within its platform. It also reduces reliance on external stablecoins like USDC, giving Jupiter more autonomy.

JupUSD 的推出不仅仅是又一个进入市场的稳定币。这是 Jupiter 在 Solana 生态系统中控制自己命运的战略举措。 Jupiter 旨在通过创建原生稳定币来提高链上交易量，并将 JupUSD 打造为其平台内所有交易的首选货币。它还减少了对 USDC 等外部稳定币的依赖，赋予 Jupiter 更多自主权。

Furthermore, traditional finance is taking notice of the stablecoin space. Citi Ventures' investment in BVNK, a stablecoin infrastructure company, highlights the growing interest in digital payment systems and the potential for stablecoins to revolutionize cross-border transactions.

此外，传统金融正在关注稳定币领域。花旗风投对稳定币基础设施公司 BVNK 的投资凸显了人们对数字支付系统日益增长的兴趣以及稳定币彻底改变跨境交易的潜力。

My Two Satoshis

我的两个中本聪

I think this is a brilliant move by Jupiter. Creating a native stablecoin is a bold step towards greater decentralization and control. By backing JupUSD with assets like USDtb and USDe, they're instilling confidence and stability. However, the success of JupUSD will depend on several factors, including market confidence, parity stability, and regulatory clarity. It's a high-stakes game, but Jupiter seems ready to play.

我认为这是木星的一个绝妙举动。创建原生稳定币是迈向更大程度的去中心化和控制的大胆一步。通过使用 USDtb 和 USDe 等资产支持 JupUSD，他们正在灌输信心和稳定性。然而，JupUSD 的成功将取决于几个因素，包括市场信心、平价稳定性和监管清晰度。这是一场高风险的游戏，但木星似乎已做好准备。

Looking Ahead

展望未来

So, keep an eye on JUP price and JupUSD's launch in Q4 2025. This could be a pivotal moment for Solana DeFi. Will JupUSD become the king of Solana stablecoins? Only time will tell. But one thing's for sure: the crypto world just got a whole lot more interesting!

因此，请关注 JUP 价格和 JupUSD 于 2025 年第四季度的推出。这可能是 Solana DeFi 的关键时刻。 JupUSD会成为Solana稳定币之王吗？只有时间才能证明一切。但有一件事是肯定的：加密世界变得更加有趣！