- JupUSD gives users real yield from bonds, not just trading, making stablecoins more fair and profitable.
- jlJupUSD lets your money keep earning while used as collateral for trades or savings strategies.
- Jupiter’s stablecoin aims to innovate DeFi with fairness, inclusivity, and real onchain yield for users.
Solana DEX Jupiter has unveiled its new stablecoin, JupUSD. The launch promises a fairer, more sustainable model for onchain finance. Unlike conventional stablecoins, JupUSD actively returns yield to its users rather than keeping profits for external issuers.
Jupiter’s team, including kashdhanda, benliew, and mandarin_canard, focused on building a secure and transparent ecosystem. “The first truly onchain-native stablecoin, designed to return value back to the ecosystem and enhance DeFi protocols,” they noted, emphasizing its unique value proposition.
JupUSD is backed 90% by BlackRock’s BUIDL Fund and 10% by USDC. This approach ensures the stablecoin’s reserves remain robust and reliable. The BUIDL Fund invests in short-term Treasuries and repo agreements, generating continuous real-world yield.
Consequently, JupUSD deposits in Jupiter Lend yield interest directly through jlJupUSD, a receipt representing deposited capital and accrued returns. This setup allows users to benefit from bond returns in addition to lending and trading rewards. Hence, the coin introduces sustainable APY boosts, ranging from 2–4%, which few stablecoins can match.
Integration Across Jupiter Products
JupUSD isn’t limited to lending. It integrates into Jupiter’s broader onchain ecosystem. For instance, jlJupUSD can be used as collateral for Limit Orders or Dollar-Cost Averaging strategies. While trades await execution, the underlying stablecoins continue earning yield, ensuring users’ capital remains productive.
Additionally, future integrations with new partners and protocols aim to expand JupUSD’s utility. This composable design positions JupUSD as more than a trading tool; it becomes a functional, yield-bearing asset across DeFi.
Fairness, Innovation, and Inclusivity at the Core
Jupiter emphasizes three principles: fairness, innovation, and inclusivity. Fairness ensures yield flows back to ecosystem participants, not external issuers. Innovation comes from embedding native yield across swaps, lending, and perps. Inclusivity encourages shared infrastructure, setting a new standard for stablecoins in DeFi.
“The billions in yield shouldn’t disappear; they should go to the protocols and people who actually built this space,” Jupiter stated. Moreover, the project redefines what a stablecoin can achieve in an onchain world, challenging legacy models derived from traditional banking.
