JupUSD

JupUSD is a Solana-native, reserve-backed stablecoin pegged to the U.S. dollar, built by Jupiter in partnership with Ethena.

## Overview JupUSD is a Solana-native stablecoin designed to maintain a 1:1 peg to the U.S. dollar. Developed by Jupiter—the largest DEX aggregator on Solana—in partnership with Ethena, JupUSD represents an effort to provide a reserve-backed stablecoin alternative within the Solana ecosystem. The token is collateralized by reserves held to maintain stability and redemption capability. Unlike algorithmic stablecoins that rely on incentive mechanisms alone, JupUSD combines reserve backing with Solana's infrastructure to create a settlement tool for basis trading and general commerce on the netwo