TechFlow news, January 17 — Solana-based DEX Jupiter has published a post on X stating that the motivation behind launching the stablecoin JupUSD centers on security, inclusivity, and transparency. Currently, JupUSD remains in early stages and will continue to be developed internally within the project and across the ecosystem:
1. JupUSD will proactively return native treasury yields to the ecosystem.
2. JupUSD reserves are backed by 90% BlackRock's BUIDL fund and 10% USDC.
3. Providing JupUSD on Jupiter Lend generates native treasury yield.
4. The interest-bearing asset jlJupUSD can be used as a core composable trading token and DeFi building block, just like JLP.
5. Jupiter will pursue additional stablecoin use cases, integrations, and partnerships to strengthen JupUSD.
