Overview
- JupUSD launches as a dollar-pegged asset intended to serve as standard collateral across lending, trading tools, perps and future prediction markets on Jupiter.
- Reserves start at 90% USDtb tied to BlackRock’s BUIDL fund and 10% USDC, held with Porto by Anchorage Digital and presented as verifiable onchain.
- Code is open-source and audited by Offside Labs, Guardian Audits and Pashov Audit Group prior to release.
- Jupiter Lend supports deposits that issue jlJupUSD for yield and promotional rewards, with broader integrations planned for limit orders and DCA.
- Jupiter outlines single-transaction onchain mint-and-redeem against USDC for institutions and notes JUP rose about 18% around the announcement.