Latest Solana’s Jupiter to Develop JupUSD Stablecoin With Backing From Ethena Labs in Cryptocurrency

Cryptocurrency JupUSD will be developed in partnership with Ethana Labs and initially be fully collateralized by Ethana’s USDtb stablecoin. Oct 8, 2025, 3:49 p.m. Solana-based decentralized exchange Jupiter is rolling out its own stablecoin, JupUSD, by the end of the year. The coin will be native to Solana and tightly integrated across Jupiter’s ecosystem, including its perpetuals platform, lending markets, and trading interfaces, the DEX shared on X on Wednesday. JupUSD is being developed in partnership with Ethana Labs, known for minting over $16 billion in stablecoins through their project. The stablecoin will be fully collateralized by Ethana Labs’ USDtb, a stablecoin that’s backed by treasury funds including BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). The team plans to add USDe as a secondary backing asset, aiming to boost yield potential. Smart contracts that allow minting and redemption of JupUSD are being built, Jupiter said, with multiple audits expected ahead of the launch. Jupiter, a Solana-based decentralized exchange aggregator that has since expanded its offerings, currently has $3.58 billion in total value locked according to DeFiLlama, making it the leading protocol on Solana. More For You Monero Suffers Deepest-Ever Blockchain Reorganization, Invalidating 118 Transactions The reorganization was pinned on Qubic, which has acquired over half of Monero’s mining power last month and uses XMR rewards to buy and burn its own token. What to know: Monero’s blockchain experienced an 18-block reorganization, its deepest to date, which invalidated 118 confirmed transactions and rolled back 36 minutes of transaction history. The reorganization was pinned on Qubic, which has acquired over half of Monero’s mining power and uses a “useful proof-of-work” model to repurpose XMR mining rewards to buy and burn its own token. The incident has raised concerns about the reliability of the Monero network, with some commentators suggesting that the community may need to consider solutions such as DNS checkpoints to prevent future reorganizations. Read full story  » …

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