Jupiter, a decentralized trading platform on Solana, is partnering with Ethena Labs to launch its stablecoin, JupUSD, in mid-Q4 2025. The stablecoin will be 100% collateralized by Ethena Labs’ USDtb, a dollar-pegged token backed by US Treasury assets, with future plans to add USDe as collateral for yield optimization.

Ethena Labs confirmed the partnership with Jupiter, announcing that JupUSD will be the primary collateral on Jupiter Perps, replacing existing stablecoins in the liquidity pool. Ethena Labs is also behind stablecoins USDe and USDtb, with market capitalizations of $14.8 billion and $1.8 billion respectively.

Stablecoin market cap surpasses $300 billion with the rise of white label stablecoins. SUI Group plans to launch suiUSDe and USDi on the Sui blockchain in partnership with Ethena Labs and the Sui Foundation. North Dakota announces plans to launch the Roughrider Coin, a US dollar-backed stablecoin, in partnership with Fiserv.

Companies like Ethena Labs, Fiserv, Bastion, and Stripe are enabling businesses to issue white label stablecoins without separate licenses or custom infrastructure. White label stablecoins are gaining popularity, providing businesses with the tools to issue their own stablecoins in a regulated and efficient manner.

Read more at Cointelegraph: Jupiter, Ethena Labs roll out new Solana-based stablecoin