The stablecoin for onchain finance has arrived. Introducing: JupUSD A reserve-backed stablecoin pegged to the US Dollar, designed to power the next chapter of finance. Let’s dive in 👇

JupUSD, built with @ethena_labs, launches on battle-tested stablecoin rails. Initially, 90% of reserves will be held in USDtb, a licensed, GENIUS-compliant stablecoin, collateralized by BlackRock’s BUIDL Fund, with a 10% USDC liquidity buffer, paired with a secondary pool on Meteora. Over time, we plan to transition a portion of reserves to USDe for additional flexibility, resilience, and efficient economics for the Jupiter ecosystem.

JupUSD was built with a security-first approach. That means institutional-grade self-custody through Porto by @Anchorage Digital. Additionally, the codebase itself is fully open-sourced, with 3 independent audits from @Offside_labs, @GuardianAudits and @PashovAuditGrp completed before launch.

While not yield-bearing, JupUSD has powerful integrations with @jup_lend, and can be used to Lend, Borrow or Multiply, with benefits not otherwise available for other stablecoins. By depositing into Lend’s Earn Vaults, you’ll receive jlJupUSD which gives you unique promotional rewards on top of your standard lending rewards. We will also set up borrow vaults, to provide JupUSD with additional liquidity and utility: A synergy made possible due to Jupiter’s unified product stack.

Next, we’re bringing JupUSD to the rest of our product suite: Limit Orders & DCA (rewards-while-you-wait), Mobile (one-balance UX), Perps (via JLP collateral), and prediction markets (settlement). One dollar, unified across every product.