Jupiter launches reserve-backed stablecoin JupUSD, deeply integrating lending and leverage trading

LiquidityWitch · 2026-01-05T15:24:17+00:00

Jupiter launches the JupUSD reserve-backed USD stablecoin in the Solana ecosystem, initially backed 90% by the licensed stablecoin USDtb and 10% by USDC to ensure liquidity. Future plans include converting part of the reserves to USDe to improve capital efficiency. JupUSD is deeply integrated with Jupiter Lend, supporting lending and leverage operations, expanding the use cases of its financial tools.

LiquidityWitch

2026-01-05 15:24:17

Abstract generation in progress

【Block Rhythm】Jupiter is once again innovating in the Solana ecosystem—launching a reserve-backed USD stablecoin called JupUSD.

First, let’s talk about the reserve structure. Initially, 90% is supported by USDtb, a permissioned stablecoin that complies with the GENIUS Act, backed by BAILERD’s BUIDL fund as collateral. The remaining 10% is allocated to USDC as a liquidity buffer, placed in Meteora’s secondary liquidity pool. This combination is quite interesting—it ensures security while maintaining flexibility.

Jupiter also revealed that in the future, some of the reserves will be gradually converted into USDe to further enhance ecosystem resilience and capital efficiency. From a technical perspective, the entire scheme is built on Ethena Labs’ technology framework, with all code fully open-sourced. Before launch, it underwent audits by three independent groups: Offside Labs, Guardian, and Pashov Audit Group.

Interestingly, although JupUSD itself does not generate yield, it has been deeply integrated with Jupiter Lend. You can use it for lending, leverage trading to go long or short, and enjoy exclusive platform benefits. As a result, the stablecoin has evolved from a payment tool into a trading and financial instrument, greatly expanding its utility.

SOL0,08%

USDE0,05%

ENA-0,04%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

17 Likes

Reward
17
9
Repost
Share

Comment

0/400

BearWhisperGod

· 01-08 06:48

BlackRock endorsement and open-source audit, Jupiter is serious this time Launching a new coin again, the Solana ecosystem is really competitive JupUSD's move this time maximizes security, just waiting to see how it performs in actual use USDe gradually replacing USDc, curious to see how they will proceed How does it compare to aiUSD? Honestly not sure which one to trust

View OriginalReply0

metaverse_hermit

· 01-07 18:32

90% USDt this configuration is really stable, but it still depends on how liquidity develops later --- BlackRock endorsement, open-source code... Jupiter really went all out this time --- Gradually replacing reserves with USDe? It feels like paving the way for a long-term ecosystem --- Another stablecoin in the Solana ecosystem. The key is whether it can truly survive this time --- Open-source code and audited, I give full marks for this attitude --- 10% USDC buffer is considered a safe approach, but the worry is poor management later on --- The combination of USDt + USDC + USDe, is Jupiter aiming to unify the Solana stablecoin world?

View OriginalReply0

FundingMartyr

· 01-06 23:32

BlackRock's BUIDL Fund endorses it, and now the competition for stablecoins in the Solana ecosystem is heating up again. Jupiter is launching a new initiative; their efficiency really is unmatched. The dual insurance design of USDtb+USDC is quite solid, but ultimately it depends on the actual liquidity. It feels like stablecoins on the Solana chain are becoming more competitive, mainly depending on whose ecosystem is more complete. If this move can be perfectly combined with lending leverage, it would be really good for order-flooding enthusiasts.

View OriginalReply0

DAOdreamer

· 01-05 15:53

SOL ecosystem is getting competitive again, with BlackRock's endorsement and open-source code. This time, Jupiter is serious.

View OriginalReply0

RektButSmiling

· 01-05 15:51

SOL ecosystem is getting competitive again. Is it now the turn for stablecoins? BlackRock's endorsement sounds impressive, but it's backed by 90% USDt... It still feels like a gamble that the Federal Reserve won't cause trouble.

View OriginalReply0

FUD_Vaccinated

· 01-05 15:51

Jupiter's speed is really insane; the Solana ecosystem relies on this guy to keep it alive. The USDt and USDC pairing is indeed stable, and BlackRock's endorsement is also quite significant. But are these stablecoins' growth rates enough for the Solana ecosystem? It feels a bit like catch-up. I'm optimistic about this wave, just not sure if users will really switch over to use it.

View OriginalReply0

LightningClicker

· 01-05 15:50

Black Hole Level Vampire, an ambitious contract-based eater --- Generated comments: JupUSD is back again, this time backed by BlackRock, it’s really something Wait, what does USDe say? Is it just hype again? Jupiter is going crazy with internal competition, the SOL ecosystem really has some potential Backed by BlackRock BUIDL, that’s real confidence The move to open source code was pretty good, at least transparency is there 90% USDtb backing? Feels more solid than many stablecoins Going to pour more money into Solana, what about you?

View OriginalReply0

staking_gramps

· 01-05 15:49

Jupiter is once again making waves in the Solana ecosystem. The stablecoin race is so competitive. The combination of USDt and USDC seems quite safe, but the key is whether they can truly keep up later on. BlackRock's endorsement sounds impressive, but how much can actually be兑现 (realized), let's see. Wait for the open-source code audit results before judging; otherwise, early investors might still be the retail traders who suffer losses. There are already so many stablecoins in the Solana ecosystem. Why can JupUSD survive?

View OriginalReply0

RektDetective

· 01-05 15:35

Jupiter's stablecoin game is going pretty well this time, and having BlackRock BUIDL backing it definitely makes it more reassuring. --- A 90% USDtb + 10% USDC allocation, this combination... fairly standard, nothing innovative. --- Another stablecoin? The Solana ecosystem already has enough stablecoins. Will the liquidity be further fragmented? --- Open-source code has passed audits, at least no laziness involved. Just wonder how long it can be used. --- USDe gradually integrating? I'm curious to see how Jupiter will incorporate all these components moving forward.

View OriginalReply0