TechFlow news, January 5th, Jupiter announced the launch of JupUSD, a reserve-backed stablecoin pegged to the US dollar, developed by Ethena Labs. This stablecoin adopts a security-first strategy, with 90% of its reserves held in USDtb supported by the BlackRock BUIDL fund, and 10% as a USDC liquidity buffer. JupUSD has been audited by three independent institutions and offers institutional-grade self-custody services provided by Anchorage Digital.
Although JupUSD itself does not generate yield, it is deeply integrated with Jupiter Lend, allowing users to conduct lending operations and receive additional rewards. Jupiter plans to integrate JupUSD into its entire product line, including limit orders, mobile applications, and derivatives trading.
