Overview
- JupUSD debuts with reserves split 90% in USDtb tied to BlackRock’s BUIDL fund and 10% in USDC for liquidity.
- Reserves are held via Porto by Anchorage Digital with onchain verification, and the token uses Solana’s SPL standard for broad app compatibility.
- The stablecoin is built with Ethena Labs infrastructure, with open-source code audited by Offside Labs, Guardian Audits, and Pashov Audit Group.
- Initial integrations center on Jupiter Lend, where deposits receive jlJupUSD for use across features like limit orders, dollar-cost averaging, and prediction market settlement.
- The roadmap includes replacing USDC collateral on Jupiter’s perps platform, single-transaction mint and redeem against USDC for institutions, and a planned gradual shift of some reserves into USDe.