Jupiter Rolls Out JupUSD as Capital-Efficient Stablecoin for Solana Ecosystem Backed by BlackRock’s BUIDL Fund

• Upon launching the JupUSD stablecoin, Jupiter said that 90% of its reserves are held in USDtb, a licensed, GENIUS-compliant stablecoin backed by BlackRock’s BUIDL fund.
• JupUSD is integrated across the DEX’s ecosystem, thereby making it a unified stablecoin settlement layer on the platform.

Solana-based decentralized exchange (DEX) aggregator Jupiter launched JupUSD, a new reserve-backed stablecoin pegged to the U.S. dollar. This is the platform’s latest push to expand on-chain financial infrastructure. Following this development, the JUP price surged 5.88%, moving to $0.23 earlier today. Jupiter Exchange Launches JupUSD Stablecoin Over the past month, the Solana-based Jupiter exchange has been working to launch the dollar-pegged USD stablecoin. Following the JupUSD launch today, the exchange noted that the next phase of decentralized finance and is built in collaboration with Ethena Labs. The company noted that the JupUSD launch comes on a battle-tested infrastructure, with a strong emphasis on transparency, compliance, and security. At launch, around 90% of JupUSD’s reserves will be held in USDtb. It is a licensed and GENIUS-compliant stablecoin backed by BlackRock’s BUIDL fund, as reported by CNF. The remaining 10% will be maintained as a USDC liquidity buffer, supported by a secondary liquidity pool on Meteora. Over a period of time, the Jupiter exchange will gradually diversify its reserves by allocating a portion to USDe. The purpose is to improve flexibility and capital efficiency across the Jupiter ecosystem. The company emphasized a security-first design. JupUSD uses institutional-grade self-custody through Porto by Anchorage Digital, while the smart contract codebase has been fully open-sourced. Before the launch, the protocol completed three independent audits conducted by Offside Labs, Guardian Audits, and Pashov Audit Group. Integrations Across the Ecosystem While JupUSD is not yield-bearing by default, it is integrated with Jupiter’s lending products. This allows users to lend, borrow, or leverage positions using the stablecoin. Deposits into Jupiter Lend’s Earn Vaults will issue JupUSD tokens, which provide promotional incentives in addition to standard lending rewards. Jupiter also plans to roll out dedicated borrow vaults to improve JupUSD liquidity and utility. Beyond lending, the stablecoin will be integrated across Jupiter’s broader product suite. This includes limit orders, dollar-cost averaging tools, mobile applications, perpetuals trading, and prediction markets. Jupiter described JupUSD as a unified dollar layer across its platform. It calls the stablecoin as a core settlement and liquidity asset throughout its on-chain financial products. Last week, Jupiter also announced upgraded its mobile application by launching Version 3. The Jupiter Mobile V3, is a first fully native, pro-grade trading terminal built specifically for mobile devices. The update brings a redesigned user experience focused on token discovery, along with better tools for token analysis and execution. Jupiter said the new version turns smartphones into full-featured trading workstations. Users can analyze and trade assets with functionality typically reserved for desktop platforms. The company also claims that trades executed through Mobile V3 can be completed at up to ten times lower cost compared with other mobile trading apps.