Yes

>>Nyheder

>>JupUSD has the potential to establish Jupiter as Solana’s primary stablecoin, which could significantly improve liquidity within the decentralized finance (DeFi) ecosystem.

JupUSD has the potential to establish Jupiter as Solana’s primary stablecoin, which could significantly improve liquidity within the decentralized finance (DeFi) ecosystem.

crypthub

5 days ago

Introduction to JupUSD

Jupiter is launching JupUSD, a Solana-native stablecoin, aimed at becoming the platform’s primary unit of account. Launch is anticipated later this quarter following comprehensive audits and will initially be backed by USDtb, with future expansion to Ethena’s USDe. This move intends to centralize liquidity across swaps, lending, and perpetual markets, while replacing USDC.

Rollout and Liquidity Conversion

The rollout plan includes completing audits, issuing JupUSD backed by USDtb, and then integrating USDe. A key aspect involves converting approximately $750 million in USDC into native JupUSD liquidity pools to deepen on-chain liquidity loops. This phased approach also includes progressive integration into Jupiter’s product ecosystem.

Market Implications and Future Considerations

JupUSD aims to reduce reliance on external dollar-backed assets and lower slippage for traders. Regulatory compliance, particularly concerning reserve standards and licensing, will be crucial for adoption. The success of JupUSD hinges on audit outcomes, reserve transparency, and a favorable regulatory environment.