Ethena Labs and Jupiter Partner to Launch JupUSD Stablecoin on Solana

Ethena Labs reported that it has partnered with Jupiter Exchange to develop JupUSD. This is a new stablecoin designed to power Solana’s largest decentralized trading ecosystem. The token will serve as the native stablecoin within Jupiter’s product suite, built on Ethena’s Stablecoin-as-a-Service framework.