Ethena и Jupiter анонсируют запуск JupUSD — нового стейблкоина на Solana Translation: Headline: Ethena and Jupiter announce the launch of JupUSD — a new stablecoin on Solana

The Ethena Labs team has announced a collaboration with the Jupiter platform to launch the native stablecoin JupUSD on the Solana blockchain.

The asset is expected to debut in the fourth quarter of 2025. As part of the agreement, Jupiter will gradually convert $750 million of USDC from the liquidity pool into JupUSD, as per project representatives.

JupUSD will be utilized in five primary scenarios within the Jupiter ecosystem:

This new token will be integrated into Ethena’s White Label product range, which already includes partnerships with Sui and MegaETH. Previously, the company, along with Anchorage Digital Bank, released USDtb—the first asset launched in the U.S. under the GENIUS Act standards.

Jupiter’s co-founder, Siong Ong, noted that stablecoins have «already proven their demand in blockchain ecosystems.» He stated that the sector has the potential to «grow 10 to 100 times.» The launch of JupUSD will allow the company to «establish a central position within DeFi on Solana.»

At launch, the token will be fully backed by USDtb, which is supported by the tokenized BUIDL fund from BlackRock. There may be a shift to USDe backing in the future.

According to CoinGecko, the market capitalization of Ethena Labs’ «synthetic dollar» exceeds $14.8 billion, making it one of the largest stablecoins. By contrast, at the time of writing, the supply volumes for centralized giants USDT and USDC stand at $177 billion and $75 billion, respectively.

To recap, in August, Ethena added BNB to the collateral for USDe.