CoinDesk
Jupiter announced Thursday it has added a lending market for USDGO on Solana, letting holders earn interest on the stablecoin onchain or borrow it against their crypto holdings. USDGO is issued by Anchorage Digital Bank, with Hong Kong-listed OSL Group operating and distributing the token against reserves that include U.S. treasuries. Jupiter Lend, the platform's lending protocol, carries more than $1 billion in active loans, and Bitget Wallet has integrated the market, opening it to a reported 100 million self-custodial wallet users.
Why it matters
Until now, USDGO yield was effectively gated: OSL offered a return tied to the federal funds rate, about 3.24% after fees as of May, but only to professional investors on its platform. Jupiter's market removes that gate, letting ordinary holders earn at rates set by borrower demand. The move extends USDGO beyond payments and trading into the crypto lending economy, exactly the terrain where smaller stablecoins are fighting for share against Tether's USDT and Circle's USDC.
The expansion builds on an Oct. 12 integration that brought USDGO trading liquidity to Jupiter Lend through its automated market maker, which uses infrastructure from DeFi protocol Fluid.
Market impact
USDGO's supply nearly doubled to $900 million by July, even as the wider stablecoin market shrank, though its market cap has slipped to about $1.1 billion from roughly $1.29 billion in mid-October. A live lending market on Solana's largest lending venue gives the token a yield flywheel that pure payment rails lack.
The broader backdrop favors the model: diversified RWA stablecoins have sustained 5-7% yields from real credit while crypto native funding rates compress to around 4%, and the tokenization TAM is projected to grow to $4 billion within three years. Watch whether USDGO supply re-accelerates as onchain yield draws holders back.
Frequently asked questions
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What is USDGO and who issues it?
USDGO is a stablecoin issued by Anchorage Digital Bank, with Hong Kong-listed OSL Group acting as its operator and distributor. Its reserves include U.S. treasuries.
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How does yield on USDGO work through Jupiter?
Jupiter's lending market lets any holder earn interest on USDGO at rates set by borrower demand. Previously, OSL offered yield only to professional investors, tied to the federal funds rate at about 3.24% after fees as of May.
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How much does Jupiter Lend have in active loans?
Jupiter Lend, the platform's lending protocol on Solana, has more than $1 billion in active loans, according to the company.
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Can Bitget Wallet users access USDGO lending?
Yes. Bitget Wallet added the USDGO lending market to its self-custodial wallet, giving its reported 100 million users access to lending and borrowing without leaving the wallet.
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What is USDGO's market cap and supply trend?
USDGO's market capitalization is close to $1.1 billion, down from about $1.29 billion in mid-October. Its supply had nearly doubled to $900 million by July, even as the wider stablecoin market shrank.
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