The post Jupiter and Ethena Partner to Launch Solana-Based Stablecoin JupUSD appeared on BitcoinEthereumNews.com. In Brief JupUSD launches as Solana’s new native stablecoin built on Ethena’s tech stack. Stablecoin to replace $750M in Jupiter liquidity pools and power Jupiter Lend. Ethena expands reach with UR Global, bringing USDe access to 45+ countries. Jupiter Exchange has announced the launch of JupUSD, its native Solana-based stablecoin developed in partnership with Ethena Labs. The stablecoin is built using Ethena’s Stablecoin-as-a-Service stack and will integrate across the entire Jupiter ecosystem, including lending, trading, and perpetual markets. JupUSD will replace approximately $750 million in stablecoins currently held in Jupiter’s JLP pools, positioning it as the cornerstone asset for Jupiter Lend. The integration aims to deepen liquidity, enhance stability, and create unified on-chain settlement across all Jupiter products. Introducing JupUSD: the native stablecoin of the @JupiterExchange ecosystem built on Ethena’s Stablecoin-as-a-Service stack. JupUSD will plug into every major part of the Jupiter stack, including: – Jupiter Perps: where the ~$750m in stablecoins inside of JLP will gradually be… pic.twitter.com/jlNLc2eNCz — Ethena Labs (@ethena_labs) October 8, 2025 Initially, JupUSD will be 100% collateralised by USDtb, ensuring stability and transparency during its launch phase. Over time, USDe Ethena’s native yield-bearing stablecoin will be added as collateral to optimise returns and diversify backing. Jupiter’s ecosystem integration will allow users to access JupUSD across Perps, Lend, Swap, Pro, and Mobile, forming a comprehensive stablecoin layer for Solana’s DeFi network. The stablecoin’s mint-and-redeem contracts are currently under development and are expected to go live in mid-Q4 2025, pending audits. Ethena Expands Global Reach as Market Reacts The collaboration extends Ethena’s growing influence after its partnership with UR Global, which brings USDe to 45+ countries via a neobank platform. The program offers up to 5% APY on USDe holdings, zero off-ramp fees, and fiat conversions across multiple currencies with Mastercard debit integration. On the market side,… The post Jupiter and Ethena Partner to Launch Solana-Based Stablecoin JupUSD appeared on BitcoinEthereumNews.com. In Brief JupUSD launches as Solana’s new native stablecoin built on Ethena’s tech stack. Stablecoin to replace $750M in Jupiter liquidity pools and power Jupiter Lend. Ethena expands reach with UR Global, bringing USDe access to 45+ countries. Jupiter Exchange has announced the launch of JupUSD, its native Solana-based stablecoin developed in partnership with Ethena Labs. The stablecoin is built using Ethena’s Stablecoin-as-a-Service stack and will integrate across the entire Jupiter ecosystem, including lending, trading, and perpetual markets. JupUSD will replace approximately $750 million in stablecoins currently held in Jupiter’s JLP pools, positioning it as the cornerstone asset for Jupiter Lend. The integration aims to deepen liquidity, enhance stability, and create unified on-chain settlement across all Jupiter products. Introducing JupUSD: the native stablecoin of the @JupiterExchange ecosystem built on Ethena’s Stablecoin-as-a-Service stack. JupUSD will plug into every major part of the Jupiter stack, including: – Jupiter Perps: where the ~$750m in stablecoins inside of JLP will gradually be… pic.twitter.com/jlNLc2eNCz — Ethena Labs (@ethena_labs) October 8, 2025 Initially, JupUSD will be 100% collateralised by USDtb, ensuring stability and transparency during its launch phase. Over time, USDe Ethena’s native yield-bearing stablecoin will be added as collateral to optimise returns and diversify backing. Jupiter’s ecosystem integration will allow users to access JupUSD across Perps, Lend, Swap, Pro, and Mobile, forming a comprehensive stablecoin layer for Solana’s DeFi network. The stablecoin’s mint-and-redeem contracts are currently under development and are expected to go live in mid-Q4 2025, pending audits. Ethena Expands Global Reach as Market Reacts The collaboration extends Ethena’s growing influence after its partnership with UR Global, which brings USDe to 45+ countries via a neobank platform. The program offers up to 5% APY on USDe holdings, zero off-ramp fees, and fiat conversions across multiple currencies with Mastercard debit integration. On the market side,…

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more