Jupiter has introduced JupUSD, a native stablecoin designed to capture value within its DeFi ecosystem. Two months after launch, the stablecoin has accumulated 64.9M in total supply with 721M in total volume. Jupiter Lend’s Earn Vaults offer up to 4.8% APY on JupUSD deposits, while the yield-bearing receipt token JUICED provides over 10% APY. Borrowing JupUSD carries lower rates than USDC against five different collateral tokens. The platform is expanding JupUSD utility across its product suite, including a second season of Jupiter Trading Card Game featuring 2M USD worth of JupUSD in prizes.
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