Jupiter

Young

USDC

Ethena

Partnerships are continuing apace in the cryptocurrency market. The latest news comes from Ethena (ENA) and Jupiter (JUP).
Ethena and Jupiter have announced a partnership to launch the native Solana-based stablecoin JupUSD, according to the statement.
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Accordingly, Ethena Labs, backer of USDe, the largest decentralized synthetic dollar, has partnered with Jupiter to launch JupUSD, a Solana-based native stablecoin that will be integrated into the Jupiter ecosystem.
As part of the agreement, Jupiter will gradually convert approximately $750 million of USDC from its Liquidity Provider Pool into JupUSD.
According to the statement, JupUSD is scheduled to launch in the fourth quarter.
<blockquote>
 JupUSD is currently under development and is expected to go live in the coming months.
 JupUSD will initially be supported by USDtb, which is almost entirely backed by Blackrock's BUIDL fund. JupUSD support may change to include USDe in the future.
</blockquote>
“JupUSD is the latest addition to Ethena's Whitelabel product line, strengthening its existing stablecoin partnerships with industry leaders like SUI and MegaETH,” Ethena founder Guy Young said in a statement.
Following the partnership news, the price of ENA and JUP started to rise.
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 <blockquote class="twitter-tweet">
 Introducing JupUSD: the native stablecoin of the <a href="https://twitter.com/JupiterExchange?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@JupiterExchange</a> 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… <a href="https://t.co/jlNLc2eNCz" rel="noopener noreferrer nofollow">pic.twitter.com/jlNLc2eNCz</a>
 — Ethena Labs (@ethena_labs) <a href="https://twitter.com/ethena_labs/status/1975924462152495602?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 8, 2025</a>
 </blockquote>
 
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*This is not investment advice.
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