Solana's Jupiter to Develop JupUSD Stablecoin With Backing From Ethena Labs

Solana's decentralized exchange aggregator, Jupiter, is set to create a new stablecoin called JupUSD, which will be developed with the support and backing of Ethena Labs, an innovative firm known for its contributions to the blockchain ecosystem. This collaboration aims to enhance the stability and usability of digital assets within the Solana network, providing users with a reliable and efficient means of conducting transactions and engaging in various financial activities. source: https://www.coindesk.com/web3/2025/10/08/solana-s-jupiter-to-develop-jupusd-stablecoin-with-backing-from-ethena-labs