JupUSD is Jupiter Exchange’s new Solana-based stablecoin, launched with Ethena Labs’ Stablecoin-as-a-Service stack to replace roughly $750M in JLP stablecoin liquidity and serve as the primary collateral for Jupiter Lend, aiming for mid‑Q4 2025 mint/redeem deployment pending audits. Native Solana stablecoin integrated across Jupiter: Perps, Lend, Swap, Pro, Mobile. Initial 100% USDtb collateralisation, with USDe (Ethena) planned later to diversify backing and yield. Targets replacement of ~$750 million in existing JLP stablecoin liquidity to centralize on-chain settlement and deepen DeFi liquidity. JupUSD Solana stablecoin launches on Jupiter with Ethena tech; access integrated across Perps, Lend and Swap — learn how to use and what changes for liquidity. News — Jupiter and Ethena Partner to Launch Solana-Based Stablecoin JupUSD By COINOTAG / Maxwell Mutuma — 08 October 2025, 14:55:14 GMT What is JupUSD? JupUSD is a Solana-native stablecoin issued by Jupiter Exchange in partnership with Ethena Labs, built on Ethena’s Stablecoin-as-a-Service stack to act as the primary on‑chain settlement asset across Jupiter products. The launch replaces approximately $750 million in current Jupiter liquidity pools to centralize liquidity, improve stability, and power Jupiter Lend. How will JupUSD integrate across the Jupiter ecosystem? JupUSD will be embedded across Jupiter Perps, Lend, Swap, Pro, and Mobile, enabling unified settlement and deeper liquidity for trading and lending products. Integration roadmap: mint-and-redeem contracts under development and expected to go live in mid‑Q4 2025, subject to audits and security reviews. Why is the collateral design important for JupUSD? Initially 100% collateralised by USDtb to ensure transparency and stability during the launch phase. Over time, Ethena’s yield-bearing USDe will be added to diversify backing and optimise returns. How will this affect liquidity and markets? Replacing the stablecoins inside Jupiter Liquidity Provider (JLP) pools—roughly $750M—positions JupUSD as a cornerstone asset for Jupiter Lend and related products. Market reaction: Ethena (ENA) and Jupiter (JUP) show short-term volatility; analysts expect the launch to strengthen Solana DeFi liquidity and bolster Ethena’s cross‑chain stablecoin footprint. What are the global implications? Ethena’s recent expansion through a partnership with UR Global has extended USDe distribution to 45+ countries via a neobank platform. That program offers yield incentives and fiat conversion features that can complement JupUSD’s on‑chain utility. Ethena Labs tweet (plain text): Introducing JupUSD: the native stablecoin of the JupiterExchange ecosystem built on Ethena’s Stablecoin-as-a-Service stack. JupUSD will plug into every major part of the Jupiter stack, including Jupiter Perps, where the ~$750m in stablecoins inside of JLP will gradually be… — Ethena Labs (October 8, 2025) Frequently Asked Questions Will JupUSD be fully collateralised at launch? Yes. JupUSD will launch fully collateralised by USDtb to provide initial stability and auditability; USDe will be introduced later to diversify collateral and add yield features. When can users mint or redeem JupUSD? Mint-and-redeem contracts are slated for mid‑Q4 2025 pending audits and security certification. Users should expect phased rollouts tied to audit completion. Key Takeaways Native stablecoin: JupUSD is Jupiter’s Solana-native stablecoin built with Ethena’s tech. Liquidity consolidation: It will replace ~ $750M in JLP stablecoin liquidity to centralize settlement. Collateral plan: Launch collateral = 100% USDtb; USDe planned later to enhance yield and diversification. Conclusion JupUSD represents a strategic step for Jupiter and Ethena to unify settlement on Solana, deepen DeFi liquidity, and introduce a managed path from fiat‑backed collateral to yield‑bearing stablecoins. Watch for mid‑Q4 2025 audits and the phased mint/redeem rollout to determine market impact. Published: 2025-10-08T14:55:14Z — Updated: 2025-10-08T14:55:14Z Author: COINOTAG (reporting by Maxwell Mutuma) Sources referenced: Ethena Labs, Jupiter Exchange, UR Global (source names provided as plain text). 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JupUSD will launch fully collateralised by USDtb to ensure stability, with Ethena's USDe added later as secondary collateral." } }, { "@type": "Question", "name": "When can users mint or redeem JupUSD?", "acceptedAnswer": { "@type": "Answer", "text": "Mint-and-redeem contracts are expected to go live in mid-Q4 2025, pending completion of security audits and integrations." } } ]} { "@context": "https://schema.org", "@type": "HowTo", "name": "How to access and use JupUSD on Jupiter", "description": "Steps to acquire, use, and redeem JupUSD within Jupiter products.", "step": [ { "@type": "HowToStep", "position": 1, "name": "Acquire JupUSD", "text": "Use Jupiter Swap or Jupiter Pro to trade supported assets for JupUSD after minting is live." }, { "@type": "HowToStep", "position": 2, "name": "Use in Jupiter Lend and Perps", "text": "Deposit JupUSD into Jupiter Lend or use as margin in Jupiter Perps for unified settlement." }, { "@type": "HowToStep", "position": 3, "name": "Redeem JupUSD", "text": "When mint-and-redeem contracts are active, redeem JupUSD for underlying collateral per on-chain rules." } ]}
