Jupiter, a decentralized exchange on the Solana blockchain, announced plans to explore additional use cases for its stablecoin, JupUSD. The stablecoin, which emphasizes security, inclusiveness, and transparency, is still in its early development stages. JupUSD's reserve is backed by 90% of BlackRock's BUIDL fund and 10% USDC, ensuring robust financial support.
Jupiter aims to integrate JupUSD further into its ecosystem by returning native treasury revenue and offering rewards for lending JupUSD on its platform. Additionally, the interest-bearing asset jlJupUSD will serve as a core tradable token and a fundamental DeFi module. The DEX is actively seeking new partnerships and integrations to enhance JupUSD's utility and adoption.
Jupiter DEX Expands JupUSD Stablecoin Use Cases
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