Jupiter unveils a partnership with Ethena

#Jupiter partners with #Ethena , a synthetic dollar protocol on #Ethereum , to launch a reserve-backed stablecoin pegged to the US Dollar, designed to power the next chapter of finance, #JupUSD. At launch, 90% of reserves will be held in USDtb, a licensed, GENIUS-compliant stablecoin backed by BlackRock’s BUIDL fund, with a 10% USDC liquidity buffer and a secondary pool on #Meteora .

Jupiter is a decentralized exchange aggregator and trading platform on the #Solana blockchain.

👉 x.com/JupiterExchange/status/2008194274362544603