Ethena has partnered with Jupiter to introduce JupUSD, a new stablecoin native to the Solana blockchain. The launch is slated for the fourth quarter of this year. As part of the collaboration, Jupiter will gradually convert around $750 million in USDC from its liquidity provider pool into JupUSD, enhancing the stablecoin's liquidity and integration within the Solana ecosystem.
Ethena and Jupiter to Launch Solana's Native Stablecoin JupUSD
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