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Jupiter announces the launch of the reserve-backed US dollar stablecoin JupUSD
On January 5th, according to official sources, Jupiter announced the launch of JupUSD, a reserve-backed USD stablecoin built on Ethena Labs technology. Initially, 90% of the reserve assets will be composed of USDtb. USDtb is a licensed stablecoin compliant with the GENIUS Act, collateralized by assets from BlackRock’s BUIDL Fund. Additionally, 10% of USDC will be set aside as a liquidity buffer and paired with a secondary liquidity pool on Meteora. In the future, Jupiter plans to gradually convert part of its reserves into USDe to further enhance the flexibility, resilience, and capital efficiency of the Jupiter ecosystem. Moreover, its codebase has been fully open-sourced and underwent three independent audits conducted by Offside Labs, Guardian, and Pashov Audit Group prior to launch. Although JupUSD itself does not generate yield, it is deeply integrated with Jupiter Lend, enabling lending, long/short leverage operations, and offering exclusive rights.