JUPUSD JupUSD Rank #476

JupUSD is a Solana-native stablecoin issued by Jupiter in partnership with Ethena Labs. It is built using Ethena's Stablecoin-as-a-Service infrastructure and operates on the Solana blockchain within the Jupiter ecosystem. The token is designed to maintain a value pegged to the US dollar and is backed by reserve assets held in institutional custody. At launch, the reserves consist of USDC and Ethena's USDtb, a tokenized dollar instrument backed by tokenized U.S. Treasury exposure and issued under a licensed, GENIUS-compliant framework. JupUSD is minted and redeemed against these reserves through controlled mint-and-redeem mechanisms designed to support the peg. JupUSD is explicitly a non-yield-bearing stablecoin, meaning it does not accrue yield to holders. Any updates to reserve composition, custody arrangements, or issuance mechanics are disclosed through official Jupiter communication channels.