# Jupiter Exchange Announces JupUSD, Enters Stablecoin Partnership with Ethena

*Author: Bankless*
*Published: Oct 8, 2025*
*Source: https://www.bankless.com/read/news/jupiter-exchange-announces-jupusd-enters-stablecoin-partnership-with-ethena*

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Ethena Labs has joined forces with leading Solana DeFi hub Jupiter to launch JupUSD, a new Solana-native stablecoin that will be deeply embed across Jupiter’s products offerings.

### **What’s the Scoop?**
- **Native SOL Stablecoin:** JupUSD will launch in the fourth quarter as a native Solana dollar, initially backed by USDtb — a tokenized U.S. Treasury–backed asset — with the potential to migrate to Ethena’s USDe over time.
- **Major Liquidity Shift:** As part of the partnership, Jupiter plans to progressively convert roughly $750M of USDC from its Liquidity Provider Pool into JupUSD, positioning it as a core asset across the platform’s ecosystem.
- **Deep Ecosystem Integrations:** JupUSD will become collateral for Jupiter’s decentralized perpetual exchange, acting as the primary stable asset across trading interfaces and lending products, and function as a liquidity pair on Meteora, one of Solana’s largest DEXs.
- **Strategic network expansion:** The launch builds on Ethena’s existing partnerships with SUI and MegaETH through its whitelabel stablecoin program, underscoring its goal of powering decentralized dollar infrastructure across multiple chains.

> BREAKING: Jupiter is launching its own stablecoin 🥳Built in partnership with [@ethena_labs](https://twitter.com/ethena_labs?ref_src=twsrc%5Etfw), engineered to connect the Jupiverse.[$JupUSD](https://twitter.com/search?q=%24JupUSD&src=ctag&ref_src=twsrc%5Etfw), going live in Q4. [pic.twitter.com/MWTNTwpvHJ](https://t.co/MWTNTwpvHJ)— Jupiter (🐱, 🐐) (@JupiterExchange) [October 8, 2025](https://twitter.com/JupiterExchange/status/1975929208049463384?ref_src=twsrc%5Etfw)
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