Jupiter Unveils JupUSD Stablecoin and Major Upgrades to Solana Ecosystem
Jupiter announced the launch of JupUSD, a stablecoin developed in collaboration with Ethena, along with seven coordinated platform upgrades at Breakpoint. JupUSD is designed to integrate across the Jupiter ecosystem, enabling rewards during dollar-cost averaging orders, limit orders, and prediction market participation. The stablecoin is set to launch next week and will feature deep protocol-level integration, routing through Jupiter’s infrastructure to manage billions in stablecoin volume across swap aggregation, perpetuals, and lending, aiming for a comprehensive end-to-end stack.
The Solana-based decentralized exchange backing Jupiter has processed $1.08 trillion in combined spot and perpetual volume year-to-date and holds $2.7 billion in total value locked. Among notable updates, Jupiter Lend exited beta and became fully open source after reaching $1 billion in total supply within eight days, marking the fastest growth rate for any Solana protocol. Built with Fluid, Jupiter Lend supports tick-based liquidity, single-transaction liquidation of risky positions, and high loan-to-value ratios.
Jupiter expanded lending capabilities through the acquisition of Rain.fi to cover off-chain, long-tail, and long-duration assets. Rain’s Offer Book will launch in Q1 to enable easier liquidity access without price-based liquidations, accelerating development of on-chain credit markets.
Additional upgrades include the Jupiter Developer Platform, which consolidates real-time analytics across Jupiter APIs with a unified dashboard for logs, usage, and performance, supporting debugging of common errors and downtime events. The Jupiter Terminal unifies trading across all asset classes into a single platform with real-time wallet tracking, Alphascan analytics, developer blacklisting, and professional execution tools such as one-cancels-other and partial fills. This terminal is powered by Ultra v3 and is in use by Robinhood.
The Verifiable Random Function Daemon (VRFD) has expanded from token verification to become a trusted data layer, verifying metadata and offering high-signal insights across multiple interfaces. This builds on Jupiter Verify to enhance ecosystem-wide data trust.
Finally, the Rewards Hub was introduced to unify rewards, trading activity, and referrals into a single system with a $1 million pool tied to actual user contributions, addressing fragmentation of on-chain incentives.
Additional ecosystem news includes Western Union’s planned launch of its US Dollar Payment Token via Anchorage Digital Bank in the first half of 2026 for international remittances, and the Solana Foundation partnering with Wavebridge to build a Korean Won-pegged stablecoin for institutional use with compliance features.
