Jupiter、Ethena Labs 和 JupUSD：Solana 地平线上的新稳定币

Jupiter 和 Ethena Labs 联手推出 JupUSD，这是一种 Solana 原生稳定币，将撼动 DeFi 格局。了解这一激动人心的合作的内幕消息。

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

Jupiter、Ethena Labs 和 JupUSD：Solana 地平线上的新稳定币

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.

加密货币爱好者，请戴好帽子！去中心化金融 (DeFi) 的动态世界即将变得更加有趣。 Solana 上领先的去中心化交易所 (DEX) Jupiter 正在与 Ethena Labs 合作推出全新的稳定币 JupUSD。此次合作将于 2025 年第四季度中期启动，有望为 Solana 生态系统带来新的创新。

What's the Buzz About JupUSD?

关于 JupUSD 的最新动态是什么？

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 不仅仅是另一种稳定币；它也是一种稳定币。它经过精心设计，可深度融入 Jupiter 生态系统。将其视为连接 Jupiter 所有产品（从永续期货交易到借贷市场等）的粘合剂。以下是 JupUSD 脱颖而出的原因分析：

• 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：代币背后的力量

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 对稳定币游戏并不陌生。他们已经通过其平台铸造了超过 160 亿美元的稳定币，其中 USDe 和 USDtb 拥有令人印象深刻的市值。他们的白标稳定币即服务框架允许像 Jupiter 这样的合作伙伴发行品牌稳定币，而无需从头开始构建一切。

Why This Matters

为什么这很重要

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 的推出凸显了加密行业的一个增长趋势：白标稳定币的崛起。 Stripe、Fiserv 和 Bastion 等公司现在提供类似的基础设施服务，使企业比以往任何时候都更容易进入稳定币市场。这种可访问性的增加可能会导致稳定币的更广泛采用以及 DeFi 领域的进一步创新。

Jupiter's Grand Plan

木星的宏伟计划

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 计划逐步用 JupUSD 取代其流动性池中约 7.5 亿美元的现有稳定币。这一战略举措将巩固 JupUSD 作为平台主要抵押资产的地位。此外，JupUSD 的整合预计将增加用户的收益机会，特别是计划在未来添加 USDe 作为辅助支持资产。

Looking Ahead

展望未来

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 团队的发布时间表定于 2025 年第四季度中期，因此有几个月的时间来微调 JupUSD 铸造和赎回的智能合约，并进行彻底的安全审计。更广泛的稳定币市场目前总资本超过 3000 亿美元，是一个竞争激烈的舞台。然而，Jupiter 在 Solana 生态系统中的强势地位及其与 Ethena Labs 的合作关系为 JupUSD 的成功奠定了坚实的基础。

Final Thoughts

最后的想法

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，这就是你得到的，伙计们！ Jupiter 和 Ethena Labs 正在联手打造 JupUSD，它将成为游戏规则的改变者。随着 2025 年第四季度发布的临近​​，请密切关注更多更新。谁知道，也许 JupUSD 会成为您的加密货币投资组合中的下一个重要事物？在此之前，祝您交易愉快，祝您的稳定币始终保持稳定！