Catenaa, Saturday, January 10, 2026-Solana-based infrastructure provider Jupiter, in partnership with Ethena Labs, has launched its native stablecoin, JupUSD, which will be integrated across the platform’s expanding “superapp” ecosystem. The coin will support spot and perps trading, lending, staking, token creation, prediction markets, and other protocol functions.
JupUSD will serve as a unit of account and be immediately composable across Jupiter’s products, including Jupiter Lend and Jupiter Perps’ JLP Pool. Approximately $500 million in USDC from the JLP will convert into JupUSD as part of a phased transition to unify dollar liquidity across the platform.
The stablecoin will also facilitate limit orders, dollar-cost averaging, perps trading collateral, and settlement in prediction markets.
The stablecoin is backed by USDC and Ethena’s USDtb, with day-to-day reserve management handled by Ethena. USDtb is itself supported by BlackRock’s tokenized USD Institutional Digital Liquidity Fund (BUIDL).
Initially, 90% of reserves will be held in USDtb, while secondary pools on alternative aggregators like Meteora will support liquidity. Future plans include expanding backing assets to include Ethena’s USDe stablecoin.
JupUSD also marks a major deployment for Ethena’s B2B whitelabel service, enabling blockchain applications to launch native stablecoins with integrated collateral and infrastructure.
Ethena co-founder Guy Young said the launch represents the company’s first major foray onto Solana and positions Jupiter to capture greater economic value within its ecosystem.
