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Jupiter stablecoin JupUSD will launch next week, and $750 million USDC will be converted.
【Crypto Rhythm】Jupiter’s stablecoin JupUSD is coming!
At the Solana Breakpoint conference on December 12, Jupiter’s official team announced that JupUSD is expected to go live next week. This news is quite significant for the Solana ecosystem.
Actually, as early as early October, Jupiter teamed up with Ethena to announce the development of this native Solana stablecoin, with a target for Q4. It now seems that the timing is quite accurate.
More importantly, the subsequent actions—Jupiter plans to gradually convert about $7.5 billion worth of USDC in its liquidity pools into JupUSD. This scale is enough to attract attention. Another player is entering the stablecoin race, and the landscape on the Solana chain is likely to be reshuffled.