JupUSD

JUPUSD Price

What is JupUSD about?

JupUSD is a Solana-native stablecoin launched by Jupiter in partnership with Ethena Labs. It is issued using Ethena Labs’ Stablecoin-as-a-Service infrastructure and is backed by reserve assets held in institutional custody. At launch, reserves consist of USDC and Ethena’s USDtb. USDtb is a tokenized dollar backed by tokenized U.S. Treasury exposure and issued under a licensed, GENIUS-compliant framework.

JupUSD is minted and redeemed against these reserves through controlled mint-and-redeem mechanisms. JupUSD does not accrue yield to holders. Any changes to reserve composition, custody arrangements, or issuance mechanics are disclosed through official Jupiter communication channels. JupUSD is not a yield-bearing stablecoin.

What makes JupUSD unique?

JupUSD is issued using Ethena Labs’ Stablecoin-as-a-Service infrastructure, which provides the underlying minting, redemption, and custody framework for the stablecoin. This allows Jupiter to issue JupUSD using established stablecoin infrastructure rather than building and operating a new system from scratch.

The reserve backing for JupUSD includes USDC and Ethena’s USDtb. USDtb is a tokenized dollar backed by tokenized U.S. Treasury exposure and issued under a licensed, GENIUS-compliant framework. Reserve assets are held in institutional custody and can be publicly verified.

JupUSD is designed to be ecosystem-native to Jupiter, and to be used directly across Jupiter’s trading and lending products, rather than operating as a standalone external stablecoin with limited product-level integration.

History of JupUSD

JupUSD was developed by Jupiter as its onchain product suite expanded beyond spot trading into lending and perpetual markets on Solana. As product usage increased, Jupiter identified the need for a native stablecoin that could be issued and managed using established infrastructure and custody standards.

Jupiter partnered with Ethena Labs to leverage their Stablecoin-as-a-Service platform and experience issuing tokenized dollars at scale. JupUSD launched in December 2025 with an initial reserve composition of USDC and USDtb.

What's next for JupUSD?

JupUSD will continue to be supported across Jupiter’s product suite, and additional integrations within Jupiter products will be added over time.

There are no announced changes to JupUSD’s issuance model, reserve composition, or custody arrangements at this time. Any future updates to reserves, custody, or mint-and-redeem mechanics will be disclosed through official Jupiter communication channels. 

JupUSD does not earn yield. Yield exposure, where available, is accessed only through separate wrappers or products built on top of JupUSD (like Jupiter Lend markets for JupUSD)

What can JupUSD be used for?

JupUSD can be traded on Jupiter and supplied or borrowed on Jupiter Lend. It can also be used across Solana decentralized exchanges and trading platforms that support JupUSD pairs.

JupUSD itself does not earn yield. Users who want yield exposure can access it through separate wrappers or products built on top of JupUSD.

Direct minting and redemption of JupUSD are available only to onboarded, KYC/KYB-verified institutional participants, while most users access JupUSD through secondary markets.

Where can you buy JupUSD?

JUPUSD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade JupUSD is Manifest, where the most active trading pair JUPUSD/USDC has a trading volume of $288,342.38 in the last 24 hours.

What is the daily trading volume of JupUSD (JUPUSD)?

The trading volume of JupUSD (JUPUSD) is $1,990,298.89 in the last 24 hours, representing a -52.50% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for JupUSD (JUPUSD)?

JupUSD (JUPUSD) reached an all-time high of $1.02 and an all-time low of $0.8852. It’s now trading -2.00% below that peak and 12.90% above its lowest price.

What is the market cap of JupUSD (JUPUSD)?

Market capitalization of JupUSD (JUPUSD) is $80,601,462 and is ranked #305 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of JUPUSD tokens (81 Million tokens are tradable on the market today).

What is the fully diluted valuation of JupUSD (JUPUSD)?

The fully diluted valuation (FDV) of JupUSD (JUPUSD) is $80,601,462. This is a statistical representation of the maximum market cap, assuming total number of 81 Million ETH tokens are in circulation today.

How does the price performance of JupUSD compare against its peers?

With a price decline of 0.00% in the last 7 days, JupUSD (JUPUSD) is underperforming the global cryptocurrency market which is up 1.30%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 0.40%.