Emre Yumlu 
The Solana ecosystem is gearing up for a major stablecoin launch. Ethena and Jupiter have joined forces to introduce the native stablecoin JupUSD on Solana, a move expected to bring significant utility to both DeFi users and institutional investors.
JupUSD: Powered by Ethena’s Stablecoin-as-a-Service Platform
JupUSD is developed using Ethena’s Stablecoin-as-a-Service (SCaaS) infrastructure, positioning it as a native stablecoin with strong integration potential. The token is designed to connect seamlessly with Jupiter’s ecosystem, enhancing liquidity and expanding its use across the platform.
Full Integration Across the Jupiter Stack
JupUSD will play a central role within Jupiter’s platform products:
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Jupiter Perps: Approximately $750 million in stablecoins within JLP will gradually transition to JupUSD.
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Jupiter Lend: The stablecoin will serve as a cornerstone lending asset within the platform.
This integration places JupUSD at the center of Solana’s DeFi landscape, facilitating both trading and lending activities.
Introducing JupUSD: the native stablecoin of the @JupiterExchange ecosystem built on Ethena's Stablecoin-as-a-Service stack.
JupUSD will plug into every major part of the Jupiter stack, including:
– Jupiter Perps: where the ~$750m in stablecoins inside of JLP will gradually be… pic.twitter.com/jlNLc2eNCz
— Ethena Labs (@ethena_labs) October 8, 2025
Backing and Security
Currently under development, JupUSD is expected to go live in the coming months. Initially, it will be backed by USDtb, which itself is nearly fully supported by Blackrock’s BUIDL fund. In the future, the collateral framework may expand to include assets such as USDe.
The Latest Addition to Ethena’s Whitelabel Program
JupUSD is the newest stablecoin emerging from Ethena’s Whitelabel SCaaS product line. With this launch, Jupiter joins a select group of Tier-1 protocols and blockchains participating in the program, further solidifying its presence in the Solana ecosystem.
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