PANews reported on October 8 that according to The Block, Ethena announced a partnership with Jupiter to launch Solana's native stablecoin JupUSD. The token is scheduled to be launched in the fourth quarter. As part of the agreement, Jupiter plans to "gradually convert" approximately $750 million in USDC in its liquidity provider pool into JupUSD.
Ethena and Jupiter Partner to Launch JupUSD, Solana’s Native Stablecoin
Share to:
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
Foresight News7 hour ago
PA一线15 hour ago
A complete review of the 1011 encryption storm
An in-depth review of the epic liquidation events of October 11: from the Trump tariff black swan event to high-leverage margin calls, stablecoin depegging, and market maker liquidity depletion.
PAData: Web3 in Data
Data analysis and visual communication of industry hot spots help users understand the meaning and opportunities behind each data.
Pioneer's View: Crypto Celebrity Interviews
Exclusive interviews with crypto celebrities, sharing unique observations and insights
AI Agent: The Journey to Web3 Intelligence
The AI Agen innovation wave is sweeping the world. How will it take root in Web3? Let’s embark on this intelligent journey together
Memecoin Supercycle: The hype around attention tokenization
From joke culture to the trillion-dollar race, Memecoin has become an integral part of the crypto market. In this Memecoin super cycle, how can we seize the opportunity?
Real-time tracking of Bybit attack
Bybit suffered a security incident, and funds worth $1.44 billion were withdrawn. A North Korean hacker group was accused of being the perpetrator.