$JUP Ethena Labs is collaborating with Jupiter to launch JupUSD, a native stablecoin based on Solana that will be integrated throughout the Jupiter ecosystem. Under this agreement, Jupiter expects to gradually convert approximately $750 million USDC from its Liquidity Provider Pool into JupUSD.
Ethena Labs, the entity behind the largest decentralized synthetic dollar, USDe, is partnering with Jupiter to launch JupUSD, a native stablecoin based on Solana