Ethena Partners with Jupiter to Launch JupUSD Stablecoin

Ethena Partners With Jupiter Protocol To Issue JupUSD

Published: October 8, 2025

1 Min Read

Disclosure: This is intended for informational purposes only and does not in any way constitute or solicit financial, professional, or legal advice. Readers should conduct their own due diligence at all times.

Ethena has announced it is partnering with Jupiter protocol to issue its own stablecoin JupUSD.

The company is enhancing its Stablecoin-as-a-Service offering to DeFi protocol Jupiter and its Jupiter Lend services for user lending and borrowing, with a $780M TVL and $480M in earn deposits.

The native stablecoin JupUSD will be backed by USDtb (reserved using BlackRock’s BUIDL Fund), in a similar model to Ethena’s other whitelabelling products in recent weeks.

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 (@ethena) October 8, 2025

Ethena is one of the most successful companies in the industry spearheading issuance for others, currently competing in with other infrastructure providers and issuers, such as Brale, M0 and Bridge.

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