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Ethena has partnered with Jupiter to launch the native Solana stablecoin JupUSD.
On October 8th, according to The Block, Ethena has partnered with Jupiter to launch the native Solana stablecoin JupUSD. This Token is scheduled to go live in the fourth quarter. Jupiter plans to "gradually convert" approximately 750 million USD in its Liquidity Provider pool into JupUSD.