Jupiter launches JupUSD, pegged to USD, with 90% USDtb and 10% USDC

According to the post, Jupiter has formally launched JupUSD, a reserve‑backed stablecoin pegged to the U.S. dollar and facilitated by Ethena Labs. Initial reserves comprise 90% USDtb—collateralized by BlackRock’s BUIDL Fund—and a 10% USDC liquidity buffer, with a secondary pool on Meteora. The team said JupUSD pays no yield and will be integrated across Jupiter’s lending and trading products.