JupUSD was founded and officially launched.

Jupiter announced its plan to launch JupUSD, a native stablecoin on Solana, in a strategic partnership with Ethena Labs. The stablecoin is designed to be the core liquidity asset for the Jupiter ecosystem.

JupUSD is scheduled to launch in Q4 2025, contingent on the successful completion of multiple security audits for its Solana-native mint and redeem contracts.