Jupiter introduces JupUSD, a reserve‑backed stablecoin pegged to the US dollar, with institutional custody and open‑source audits.
Jupiter Launches Stablecoin Backed by Blackrock Reserves
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Jupiter announced the launch of JupUSD, a US‑dollar‑pegged stablecoin built with Ethena Labs and secured by a 90% reserve in USDtb, a GENIUS‑compliant token collateralized by Blackrock’s BUIDL Fund, plus a 10% USDC liquidity buffer. The token is self‑custodied through Anchorage Digital and has undergone three independent audits before release.
JupUSD integrates across Jupiter’s product suite—including lending, borrowing, limit orders, DCA, mobile UX, perpetuals and prediction markets—offering unified dollar exposure and promotional rewards via vaults, with plans to shift part of the reserve to USDe for added flexibility.
Read More: JupUSD: Ethena and Jupiter Team up to Expand Solana’s Stablecoin Market
🧭 FAQs
• What is JupUSD? A reserve‑backed stablecoin pegged 1:1 to the US dollar.
• When was it launched? The launch was announced on Jan 5, 2026.
• Where is the reserve held? 90% in USDtb backed by Blackrock’s BUIDL Fund, 10% in USDC, both in the EU‑compliant GENIUS framework.
• Why is the stablecoin notable? It offers institutional‑grade custody, open‑source code and multi‑product integration for the Jupiter ecosystem.
