Jupiter: Will explore more stablecoin use cases; JupUSD focuses on security, inclusion, and transparency.

PANews reported on January 17th that Jupiter, a DEX within the Solana ecosystem, stated on its X platform that the initial intention behind launching the stablecoin JupUSD was to focus on security, inclusiveness, and transparency. Currently, JupUSD is still in its early stages and will continue to be developed within the project and its ecosystem.

1. JupUSD will proactively return native treasury revenue to the ecosystem;

2. The JupUSD reserve is backed by 90% of BlackRock's BUIDL fund and 10% of USDC;

3. Earn native treasury rewards when offering JupUSD on Jupiter Lend;

4. Like JLP, the interest-bearing asset jlJupUSD can be used as a core composable tradable token and a basic DeFi module;

5. Jupiter will seek more stablecoin use cases, integrations, and partners to enhance JupUSD.