Jupiter Unveils JupUSD: BlackRock-Backed Stablecoin Boosts Solana

Jupiter launches JupUSD, a fully collateralized stablecoin on Solana, backed mainly by BlackRock’s tokenized U.S. Treasury fund and Ethena’s USDtb, aiming to unify liquidity and strengthen DeFi infrastructure.

Jupiter has launched JupUSD, a US dollar–pegged stablecoin, as part of a strategic push to strengthen the Solana DeFi ecosystem. Developed in partnership with Ethena Labs, JupUSD is primarily backed by BlackRock’s tokenized U.S. Treasury fund via Ethena’s USDtb, with a 10% USDC liquidity buffer. The stablecoin is fully collateralized, regulated, and underwent multiple security audits. JupUSD is integrated across Jupiter’s suite, including lending, trading, perpetuals, and prediction markets, serving as a unified collateral and settlement asset. Institutional-grade custody is provided by Anchorage Digital, and minting/redemption is available to verified institutions, while retail users access JupUSD through secondary markets. Jupiter plans to shift significant USDC reserves into JupUSD and expand collateral to include Ethena’s USDe for yield optimization. The launch coincides with new U.S. regulations mandating full reserve backing and regular audits for stablecoins. Jupiter’s upgrades also introduce unified execution, risk dashboards, and standardized tools to enhance Solana’s DeFi infrastructure, aiming for greater transparency, efficiency, and user retention.