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Key Takeaways
- Ethena and Jupiter group as much as launch JupUSD, a yield-bearing stablecoin, on Solana.
- Jupiter will progressively convert round $750 million in USDC from its Liquidity Supplier Pool into JupUSD after launch in This fall 2025.
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Ethena, a protocol recognized for growing yield-bearing stablecoin mechanisms, has partnered with Jupiter, a Solana-based decentralized alternate aggregator, to launch JupUSD, a local stablecoin on Solana.
The collaboration expands decentralized finance choices on Solana, which has seen comparable yield-bearing stablecoin merchandise launch not too long ago. Solstice Finance not too long ago launched USX, a stablecoin designed to supply permissionless entry to institutional-grade delta-neutral yields.
Jupiter has been increasing past its core aggregator providers into liquid staking tokens and institutional integrations. Its native token, JUP, underpins a 21Shares exchange-traded product (ETP) in Europe, offering institutional traders with regulated entry to the Jupiter ecosystem.
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