Jupiter and Ethena Labs to Launch JupUSD Stablecoin on Solana
- JupUSD, a new stablecoin from Jupiter, is set to launch in mid-Q4 2025.
- The stablecoin will be fully collateralized by Ethena Labs’ USDtb, which is backed by short-term US Treasury assets.
- Approximately $750 million in existing stablecoins on Jupiter will transition to JupUSD as the primary collateral for its perpetual futures exchange.
- Ethena Labs confirmed the partnership, leveraging its white-label stablecoin infrastructure for the project.
- The overall stablecoin market cap has surpassed $300 billion, driven by regulatory clarity and increased adoption.
The collaboration between Jupiter and Ethena Labs highlights the growing trend of white-label stablecoins in a rapidly expanding market. With JupUSD’s integration into various Jupiter products, it aims to enhance liquidity and trading options within the platform.
As part of this initiative, JupUSD will replace existing stablecoins worth around $750 million on Jupiter’s platform, marking a significant shift in their collateral strategy. (Source)
