Jupiter Announces Launch of Reserve-Backed US Dollar Stablecoin JupUSD

On January 5, Jupiter announced the launch of JupUSD— a reserve-backed stablecoin built on Ethena Labs technology— per official sources. Initially, 90% of JupUSD’s reserve assets will consist of USDtb: a licensed stablecoin compliant with the GENIUS Act, backed by assets from BlackRock’s BUIDL Fund. The remaining 10% will be USDC, acting as a liquidity buffer and paired with a secondary liquidity pool on Meteora. Looking ahead, Jupiter plans to gradually convert a portion of its reserves to USDe to enhance the flexibility, resilience, and capital efficiency of its ecosystem. The project’s codebase is fully open-sourced and underwent three independent audits (by Offside Labs, Guardian, and Pashov Audit Group) prior to launch. While JupUSD does not generate native yield, it integrates deeply with Jupiter Lend, enabling use in lending, long/short leveraged positions, and access to exclusive benefits.