Jupiter officially launches its stablecoin JupUSD

Jupiter has officially launched its stablecoin JupUSD, a reserve-backed, dollar-pegged stablecoin built on Ethena Labs technology, "designed to power the next chapter of finance." Initially, 90% of its reserves will consist of the licensed, GENIUS-compliant stablecoin USDtb, secured by BlackRock's BUIDL fund, with a 10% USDC liquidity buffer. While JupUSD does not generate yield, it integrates with Jupiter Lend for deposits, lending, or leveraged trading, offering exclusive benefits. By depositing funds into Lend's yield vault, users will receive jlJupUSD and enjoy unique promotional offers, providing additional liquidity and utility for JupUSD.