CryptoParadise
Jupiter has launched its native stablecoin JUPUSD, and this move is quite significant—backed by BlackRock and Ethena's USDtb, which constitute 90% of the reserves.
From a certain perspective, this marks the official entry of institutional-grade stablecoin solutions into the DeFi mainstream. Previously, stablecoins were mainly maintained by project teams alone; now, the introduction of joint endorsements from traditional financial giants and on-chain protocols changes the game.
The design concept of JUPUSD is very interesting—it doesn't bear all the reserve pressure itself but leverages BlackRo
View OriginalFrom a certain perspective, this marks the official entry of institutional-grade stablecoin solutions into the DeFi mainstream. Previously, stablecoins were mainly maintained by project teams alone; now, the introduction of joint endorsements from traditional financial giants and on-chain protocols changes the game.
The design concept of JUPUSD is very interesting—it doesn't bear all the reserve pressure itself but leverages BlackRo