Ethena и Jupiter запускают JupUSD: новый стейблкоин на блокчейне Solana Ethena and Jupiter Launch JupUSD: A New Stablecoin on the Solana Blockchain

The Ethena Labs team has announced a collaboration with the Jupiter platform to launch the native JupUSD stablecoin on the Solana blockchain.

The asset is expected to be released in the fourth quarter of 2025. As part of the agreement, Jupiter will gradually convert $750 million from a liquidity pool into JupUSD, as reported by project representatives.

JupUSD will be utilized across five primary use cases within the Jupiter ecosystem.

This new token will be integrated into Ethena’s suite of White Label products, which already includes partnerships with Sui and MegaETH. Previously, the company collaborated with Anchorage Digital Bank to introduce USDtb—a stablecoin recognized as the first asset issued in the U.S. under the GENIUS Act standards.

Jup Ong, co-founder of Jupiter, noted that stablecoins have «already proven their demand in blockchain ecosystems.» He stated that this sector has the potential to «grow 10 to 100 times.» The launch of JupUSD will enable the company to «secure a central position in DeFi on Solana.»

At the outset, the token will be fully backed by USDtb, supported by BlackRock’s tokenized BUIDL fund. There may also be a future shift to being backed by USDe.

According to CoinGecko, the market capitalization of Ethena Labs’ synthetic dollar exceeds $14.8 billion, making it one of the largest stablecoins. For comparison, at the time of writing, the supply volumes of centralized giants USDT and USDC stand at $177 billion and $75 billion, respectively.

Additionally, it is worth noting that in August, Ethena added BNB to the collateral assets for USDe.