Jupiter Launches JupUSD Stablecoin and Announces Major Upgrades to Solana Ecosystem
Jupiter has launched the JupUSD stablecoin in collaboration with Ethena, which will be integrated throughout the Jupiter ecosystem to facilitate rewards during dollar-cost averaging (DCA) orders, limit orders, and participation in prediction markets.
In addition, Jupiter unveiled seven coordinated upgrades at Breakpoint, spearheaded by the JupUSD launch and the Rain.fi acquisition. These upgrades aim to address challenges such as data fragmentation, fraudulent assets, and the demand for institutional-grade tools. Notably, the Solana decentralized exchange (DEX) handles approximately $1.08 trillion in year-to-date volume with a total value locked (TVL) of $2.7 billion.
The Rain.fi acquisition expands Jupiter's money-market capabilities to support off-chain, long-tail, and long-duration assets. Rain's Offer Book is scheduled to launch in Q1 and will enable simpler, more transparent liquidity provision through peer-to-peer lending without price-based liquidations.
Jupiter Lend has exited beta and become fully open source after reaching $1 billion in total supply in just eight days—the fastest growth for any Solana protocol. It introduces tick-based liquidity with high loan-to-value ratios and low liquidation penalties, developed in partnership with Fluid.
The Developer Platform now offers real-time analytics across Jupiter APIs via a unified dashboard that tracks swaps, pricing calls, and token API requests. It also includes logs for error codes like 429 and 500, as well as downtime reports to assist debugging.
Jupiter Terminal consolidates trading across all asset classes on Ultra v3, featuring real-time wallet tracking, Alphascan analytics, access to over 61 launchpads with blacklisting functionality, and professional execution tools such as one-cancels-other orders and partial fills. It powers Jupiter Beam and Predictive Execution and is utilized by RobinH.
The Verifiable Random Function Data (VRFD) system has expanded from token verification to a comprehensive data layer, verifying metadata and providing high-signal insights across various platforms. It supports roughly 30,000 daily Solana token launches and underpins Jupiter Verify as a trusted verification mechanism.
Looking ahead, Western Union plans to launch a US Dollar Payment Token via Anchorage Digital Bank in the first half of 2026 to facilitate international remittances. Meanwhile, the Solana Foundation is collaborating with Wavebridge to develop a Korean Won-pegged stablecoin under regulatory framework legislation in Korea, with Wavebridge's CEO highlighting aims to establish institutional-grade infrastructure.
