Jupiter Launches JupUSD Stablecoin Backed by BlackRock's BUIDL Fund
Jupiter has launched JupUSD, a new stablecoin on the Solana blockchain. According to reports, the stablecoin is backed by USDtb and USDC. The new stablecoin is designed to function as a settlement asset within Jupiter's decentralized finance (DeFi) ecosystem. The development leverages BlackRock's BUIDL fund to provide backing for the stablecoin. The launch of JupUSD aims to enhance the functionality and stability of transactions within the Jupiter DeFi stack by providing a reliable settlement option.
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