Jupiter and Ethena are preparing to launch jupUSD, Solana's first native stablecoin.

Jupiter and Ethena Launch jupUSD

Jupiter, a leading Solana DeFi aggregator, is partnering with Ethena Labs to launch jupUSD, a native, yield-generating stablecoin for the Solana ecosystem. Scheduled for release in Q4 2025, jupUSD aims to be fully integrated into Jupiter's suite of products and Solana-based DeFi protocols, reducing reliance on external stablecoins. The stablecoin will initially be backed by USDtb and later incorporate USDe from Ethena Labs, optimizing yield while maintaining stability.

Integration and Liquidity Commitment

jupUSD will be deeply integrated across Jupiter's platforms, including Jupiter Perps, Lend, and Swap, facilitating trading, lending, and collateralization. To demonstrate confidence and establish immediate liquidity, Jupiter plans to convert $750 million of USDC from its liquidity pool into jupUSD. This commitment signals a shift towards a self-sustaining liquidity loop within the Solana ecosystem, utilizing both institutional-grade collateral and Ethena's proven stability framework.

Native Stablecoin for Solana

The launch of jupUSD represents a significant milestone for Solana, providing a natively issued stablecoin alternative to USDC and USDT. It will improve composability within Solana DeFi apps and lower transaction costs, furthering Solana's reputation for speed and efficiency. Extensive audits and security measures are planned before the release to ensure a reliable and secure platform, targeted for Q4 2025.