Jupiter Launches JupUSD Stablecoin Backed by BlackRock and Ethena's USDtb
Jupiter has launched its native JupUSD stablecoin, which is backed by BlackRock's tokenized USD Institutional Digital Liquidity Fund and Ethena's USDtb. According to reports, the stablecoin is backed 90% by BlackRock and Ethena's USDtb. The development marks Jupiter's entry into the stablecoin market, leveraging existing institutional and decentralized finance (DeFi) assets for backing.
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