Ethena partners with Jupiter to launch native Solana stablecoin JupUSD
According to Jinse Finance, TheBlock reported that Ethena Labs is collaborating with Jupiter to launch JupUSD, a native stablecoin based on Solana, which will be integrated into the entire Jupiter ecosystem. As part of the protocol, Jupiter plans to "gradually convert" approximately $750 million USDC from its liquidity provider pool into JupUSD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data analytics firm Inveniam announces acquisition of on-chain asset tokenization platform Swarm Markets
The U.S. Senate Banking Committee may postpone the review of the "Crypto Market Structure Bill" until 2026.
Trending news
MoreCrypto prices
More
