2026-01-05 22:30:59

Jupiter, a major DEX aggregator, just rolled out JupUSD—its own stablecoin backed 90% by a combination of BlackRock's solutions and Ethena's USDe ecosystem. This move signals how institutional capital is reshaping DeFi's stablecoin landscape. By anchoring JupUSD to institutional-grade reserves, Jupiter's stepping up the game on crypto's infrastructure side. It's the kind of play that could matter for anyone tracking how traditional finance muscle is flowing into decentralized protocols.

JUP-5,36%

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FUDwatcher

· 01-06 07:16

Is it institutional capital again to harvest retail investors? BlackRock is behind JupUSD. I just want to ask, do you still dare to touch it?

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LiquidationWatcher

· 01-06 00:22

ngl, 90% backing sounds nice on paper but... been there, lost that when "institutional-grade reserves" turned out to be whatever they said it was lol. health factor better be solid or we're watching another liquidation cascade waiting to happen

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PermabullPete

· 01-05 23:00

Another institutional-grade stablecoin, backed by Blackstone, this time it's truly different.

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Whale_Whisperer

· 01-05 23:00

Blackstone + Ethena-backed stablecoin, trad fi is really here to harvest DeFi...

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0xLostKey

· 01-05 22:53

BlackRock and Ethena-backed stablecoins, DeFi is really starting to suck blood from traditional finance now.

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PrivacyMaximalist

· 01-05 22:52

Jupiter really played it smart this time, directly leveraging institutional-level endorsements to pave the way. The stablecoin created by the BlackRock + Ethena partnership... but to be honest, it still feels too centralized. Is traditional finance pouring money into DeFi to help or to hijack? It's a bit hard to see through.

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GateUser-26d7f434

· 01-05 22:51

JupUSD's recent moves really can't hold up anymore. With BlackRock+Ethena endorsement, they dare to claim institutional-grade. It seems that CeFi will ultimately be crushed by DeFi.

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AirdropHunterKing

· 01-05 22:40

Well, now BlackRock is also coming to milk us for all we're worth. Institutional groups banding together to enter DeFi is really impressive.

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JustHodlIt

· 01-05 22:34

BlackRock partnering with Ethena for endorsement, this wave of JupUSD really has some substance, institutional capital is still serious about entering.

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