Jupiter, a leading decentralized exchange aggregator on Solana, has launched JupUSD, a new stablecoin pegged to the US Dollar. The initiative, developed in partnership with Ethena Labs, is designed to serve as the native dollar for the entire Jupiter ecosystem.

JupUSD is structured with a security-first approach, holding 90% of its reserves in USDtb, a GENIUS-compliant stablecoin collateralized by BlackRock’s BUIDL Fund. The remaining 10% is held in USDC to serve as a liquidity buffer. The stablecoin's security framework is enhanced by institutional-grade self-custody through Porto by Anchorage Digital and three independent code audits.

While not an inherently yield-bearing asset, JupUSD provides unique utility within Jupiter's platform. Users can deposit the stablecoin into Jup Lend’s Earn Vaults to gain access to special promotions and benefits not available with other stablecoins.

This launch signals Jupiter's strategy to create a more self-reliant and interconnected ecosystem. The plan includes integrating JupUSD across its full suite of products, including Limit Orders, Dollar-Cost Averaging (DCA), a mobile app, and as collateral in its perpetuals exchange, unifying the user experience with a single, native dollar asset.