Jupiter Launches Stablecoin Backed by Blackrock Reserves

Jupiter Launches Stablecoin Backed by Blackrock Reserves

Jupiter Launches JupUSD: Reserve-Backed Stablecoin

Reserve Ratio
90%

USDtb (Blackrock BUIDL)

Liquidity Buffer
10%

USDC Buffer

Jupiter announced JupUSD, built in collaboration with Ethena Labs. The stablecoin features institutional custody and open-source audits, collateralized by Blackrock’s GENIUS-compliant BUIDL Fund.

Keywords: News Bytes|Blackrock|News Bytes - 5|Stablecoin