Jupiter Launches JupUSD Stablecoin Backed by BlackRock's BUIDL and USDC Reserves

Source: CryptoNewsNet Original Title: Jupiter launches JupUSD stablecoin backed by BlackRock’s BUIDL and USDC reserves Original Link:

Key Takeaways

• Jupiter has introduced the JupUSD stablecoin, backed by BlackRock’s BUIDL and USDC, to serve as universal collateral across its platforms.
• Jupiter will integrate JupUSD across its suite, including lending vaults, DCA tools, perps collateral, and prediction market settlement.

Overview

Jupiter, a Solana-based decentralized exchange aggregator, has launched JupUSD, a reserve-backed stablecoin pegged to the US dollar designed to serve as unified collateral across its entire product ecosystem.

The token is built with infrastructure from Ethena Labs and secured through institutional-grade custody via Porto by Anchorage Digital.

Reserve Composition

JupUSD’s initial reserve composition includes 90% backing via USDtb, a GENIUS-compliant stablecoin collateralized by BlackRock’s BUIDL Fund, and a 10% USDC liquidity buffer. The team plans to gradually shift a portion of reserves into USDe to increase flexibility and optimize reserve efficiency.

Security & Audits

The JupUSD codebase has been open-sourced and audited by three independent firms: Offside Labs, Guardian Audits, and Pashov Audit Group.

Yield & Integration

While JupUSD does not generate yield natively, it will integrate directly with Jupiter’s Lend product. Deposits into Earn Vaults will receive jlJupUSD, enabling users to access promotional rewards in addition to standard lending incentives.

Ecosystem Rollout

Jupiter plans to roll out JupUSD across its full stack, including Limit Orders, DCA features with reward boosts, Mobile with unified balances, Perps via JLP collateral, and prediction markets for settlement.