JupUSD(JUPUSD)

Overview

JupUSD (JUPUSD) is a Solana-native stablecoin launched by Jupiter in partnership with Ethena Labs. It is issued using Ethena Labs' Stablecoin-as-a-Service infrastructure and is backed by reserve assets held in institutional custody. At launch, reserves consist of USDC and Ethena's USDtb, a tokenized dollar backed by tokenized U.S. Treasury exposure and issued under a licensed, GENIUS-compliant framework.

JupUSD is minted and redeemed against these reserves through controlled mint-and-redeem mechanisms. It does not accrue yield to holders and is not a yield-bearing stablecoin. Any changes to reserve composition, custody arrangements, or issuance mechanics are disclosed through official Jupiter communication channels.