Ethena is teaming up with Jupiter to deliver JupUSD, a new stablecoin that will operate on the Solana blockchain and generate yield. The launch is scheduled for the fourth quarter of 2025.
Following the debut, Jupiter plans to convert around 750 million USD in USDC from its Liquidity Provider Pool to support JupUSD, indicating a strategic move to bolster decentralized finance services on Solana.
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