- The Ethena Lab and Solana’s Jupiter collaboration announced the launch of JupUSD, a new stablecoin to replace $750 million of stablecoins on Jupiter Perps.
- JupUSD will be supported by Ethena’s USDtb, while USDe will be integrated to enhance the yield performance.
- ENA is quoted at $0.5706 with $4.06 billion market cap as analysts watch $0.74 resistance if $0.59–$0.51 support holds strong.
Jupiter, a leading decentralized trading platform on Solana, has announced plans to launch its native stablecoin, JupUSD, in collaboration with Ethena Labs. The new stablecoin is expected to go live in mid–Q4 2025, aiming to strengthen liquidity and enhance user experience across Jupiter’s ecosystem.
As per Jupiter’s post on X, JupUSD is going to be incorporated into all of its products. It shall function as collateral on its perpetual futures platform, as a liquidity token in lending pools, and as a trading pair, widening Jupiter’s use case of stablecoins in all of its decentralized finance activities.
Jupiter announced that JupUSD would be 100% collateralized by the dollar-pegged token of Ethena Labs, USDtb, secured by short-term US Treasury securities. In the long run, Ethena’s synthetic dollar, USDe, would also be integrated into the collateral pool with the aim of enhancing yield performance as well as optimizing capital efficiency.
Ethena Labs confirmed the partnership through its official X account, highlighting that the token will be built using its white-label stablecoin-as-a-service framework. This platform enables projects such as Jupiter to create branded stablecoins backed by collateral management from Ethena.
Currently, Ethena is priced at $0.5706, increased by 5.30% in the past 24 hours, with a $4.06 billion market cap and $1.03 billion in trading volume in the past day. According to Ethena, JupUSD would transition slowly to replace about $750 million in stablecoins that were being utilized as collateral on Jupiter Perps, ensuring a seamless liquidity transition.
White-Label Stablecoins Gain Market Momentum
The stablecoin market surpassed $300 billion in total market cap due to regulatory enlightenment and increasing institutional adoption in Europe and the United States. It has also brought about a rush of white-label stablecoin projects from legacy financial entities as well as crypto-native companies.
SUI Group recently announced that it would bring suiUSDe and USDi, two original stablecoins of the Sui blockchain, in association with the Sui Foundation and Ethena Labs. The full value of BlackRock’s BUIDL fund shares shall back USDi, while suiUSDe shall act as a synthetic dollar.
Meanwhile, North Dakota announced its state-backed stablecoin, Roughrider Coin, a project made by Fiserv, a financial technology company. The transition is a step up from Fiserv’s 2025 mid-year-stated white-label stablecoin platform that aims to provide a more user-friendly and faster way to issue bank-compliant dollar digits.
Besides, the likes of Bastion and Stripe, the other major players in the sector, are entering the market to offer services that will facilitate organizations to create stablecoins without having to obtain licenses or build infrastructure. These changes show the new times for stablecoin circulation since issuing tailor-made, secure tokens became the major reason for integration in the DeFi ecosystem.
Also Read | SUI Explodes After Ethena Labs Partnership, Could Hit $9.01
Ethena Holds Strong as Key Support Zone Stabilizes
According to analyst Crypto TXG, Ethena remains resilient amid a strong pullback in the crypto market. The $0.59–$0.51 range is marked as a key area of support, where a bounce may spark new bullish momentum.
Analysts suggest that a strong reaction from this zone might propel ENA’s price back up to the $0.74 area of resistance, leaving potential upside on the table if bears lose their grip. Investors in the market are paying close attention to this region as a potential launchpad for the next move higher in ENA’s trend.
Also Read | Ethena Price Prediction: Could ENA Reach $5 Target in Coming Days?
