JupUSD

JupUSD is a Solana-native, reserve-backed stablecoin pegged to the U.S. dollar, built by Jupiter in partnership with Ethena. The product combines Ethena’s basis-trade economics with Jupiter’s distribution and DeFi product line on Solana.

JupUSD complements Jupiter’s perps, lending, and aggregator products by giving them a native dollar-pegged settlement asset. JUP is the governance token.