24h Change+0.08%
All Time HighJun 8, 2026$1.02
All Time LowMar 22, 2026$0.89
Market Cap$42.5m
Fully Diluted Valuation$42.5m
Circ. Supply42.5m JUPUSD
CEX Volume$0
DEX Volume$10.08m
Risk-management actions published about JUPUSD by tracked risk managers and governance contributors, newest first.
While the overall Ethena Whitelabel stablecoin supply contracted significantly, jupUSD's supply held broadly flat at approximately $40M during May.
A proposal was published to allow USDtb-backed whitelabel stablecoins like jupUSD to be held directly in USDe's backing. The rationale is that these are economically equivalent to direct USDtb holdings and would capture additional yield for sUSDe holders.
JupUSD is a Solana-native stablecoin on Ethena's infrastructure with verified USDC reserves in Porto custody wallets, enabling borrowable status in stable-collateral vaults. Its oracle path requires confirmation, but the setup aligns with existing Jupiter deployments at similar parameters.
jupUSD, backed ~99% by USDtb with onchain proof-of-reserves, can be held in USDe backing for BUIDL yield that flows to sUSDe holders, absorbing routine redemptions via its own liquidity buffer before impacting USDe's liquid pool.
jupUSD launched on Solana in January as the first Ethena white label stablecoin, adding to ecosystem growth.
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Tracking 5 pools, average APY 3.97%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabJUPUSDEarn | $73.78m | 5.60% | 3.58% | 2.02% | 5.24% | ||||
| open in new tabJUPUSD-USDCConcentrated - 0.01% | $4m | 3.56% | 3.56% | 1.07% | |||||
| open in new tabJUPUSD-USDC | $3.85m | 4.56% | 4.56% | 1.46% | |||||
| open in new tabJUPUSD-USDC | $13,997 | 0% | 0% | 0% | |||||
| open in new tabJUPUSD | 🪂 | $3,158 | 6.12% | 6.12% | 5.56% |
