Jupiter Officially Launches Its Stablecoin JupUSD

According to official sources, Jupiter has announced the official launch of its stablecoin JupUSD, a reserve-backed stablecoin pegged to the US dollar and built on Ethena Labs technology, 'designed to power the next chapter of finance.' Initially, 90% of its reserves will consist of USDtb, a compliant and GENIUS-standard stablecoin, collateralized by BlackRock's BUIDL fund, along with 10% USDC as a liquidity buffer. While JupUSD does not generate yield, it can be integrated with Jupiter Lend for deposits, lending, or leveraged operations, offering exclusive benefits. By depositing funds into Lend's yield vault, users will receive jlJupUSD, which comes with unique promotional offers, providing JupUSD with additional liquidity and utility.