A new Solana stablecoin has been launched by Jupiter and Ethena Labs.

Jupiter and Ethena Labs Partnership

Jupiter, a prominent decentralized exchange (DEX) aggregator on Solana, is introducing JupUSD. This new stablecoin is designed to be a core component of Jupiter’s ecosystem.

JupUSD and its Functionality

The launch of JupUSD is a collaborative effort between Jupiter and Ethena Labs. JupUSD aims to act as a foundational element, supporting and strengthening the overall structure of the Jupiter network.