[Jupiter Launches Reserve-Backed USD Stablecoin JupUSD] Jupiter has announced the launch of the reserve-backed USD stablecoin JupUSD, built on Ethena Labs technology. Initially, 90% of the reserve assets will consist of USDtb collateralized by BlackRock's BUIDL fund, with the remaining 10% serving as a USDC liquidity buffer and paired with Meteora's secondary liquidity pool. In the future, there are plans to gradually convert part of the reserves to USDe to enhance ecosystem flexibility and capital efficiency. The codebase has been open-sourced and has passed three independent audits. JupUSD is deeply integrated with Jupiter Lend and can be used for lending and leveraged operations.
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