Jupiter launches JupUSD stablecoin backed by BlackRock’s BUIDL and USDC reserves

Jupiter, a decentralized exchange aggregator on Solana, has launched JupUSD, a new US dollar-pegged stablecoin intended to function as unified collateral across its entire product suite. The token utilizes infrastructure from Ethena Labs and is secured by Anchorage Digital's Porto custody service. Initially, JupUSD reserves are 90% backed by USDtb, which is collateralized by BlackRock's BUIDL Fund, and 10% backed by a USDC liquidity buffer, with plans to incorporate USDe later for efficiency. Although JupUSD does not yield natively, it integrates with Jupiter's Lend product, where deposits earn jlJupUSD to access rewards. The stablecoin will be rolled out across Jupiter's full stack, including Limit Orders, DCA tools, Mobile balances, Perps collateral, and prediction market settlement.

(Source：Crypto Briefing)