Jupiter, a leading DEX aggregator in the Solana ecosystem, has introduced its native stablecoin JupUSD. The new stablecoin employs a hybrid collateralization strategy, securing 90% of its value through a combination of assets including backing from institutional players like BlackRock and Ethena's USDe—one of the market's fastest-growing onchain stablecoins. This approach blends institutional credibility with decentralized finance principles, creating a more resilient stablecoin architecture. By leveraging multiple reserve assets rather than relying on a single backing mechanism, Jupiter aims to enhance stability while reducing counterparty risk. The move signals a broader trend of DEX platforms expanding beyond trading into financial primitives, strengthening their competitive positioning within the DeFi landscape.