Jupiter Launches JupUSD Stablecoin with BlackRock

Jupiter Launches JupUSD Stablecoin Backed by BlackRock’s BUIDL and USDC

• Jupiter, a Solana-based decentralized exchange aggregator, has launched JupUSD, a stablecoin pegged to the US dollar.
• The stablecoin is backed by 90% USDtb, collateralized by BlackRock’s BUIDL Fund, and a 10% USDC liquidity buffer.
• JupUSD is designed to serve as universal collateral across Jupiter’s platforms, including lending vaults and prediction markets.
• The codebase for JupUSD has been open-sourced and audited by Offside Labs, Guardian Audits, and Pashov Audit Group.
• Integration plans include Jupiter’s Lend product where deposits will receive jlJupUSD for additional rewards.

Jupiter has introduced JupUSD as a new reserve-backed stablecoin with backing from BlackRock’s BUIDL Fund and USDC. The token will be integrated across various Jupiter platforms to enhance its ecosystem functionality.