Jupiter Debuts BlackRock-Backed Stablecoin
Jupiter Launches Stablecoin Backed by BlackRock Reserves
Jupiter has introduced JupUSD, a new stablecoin designed to function as universal collateral across the project’s product suite. The company said the token will be integrated throughout its ecosystem, including lending vaults, dollar-cost averaging (DCA) tools, perpetuals collateral, and prediction market settlement.
According to Jupiter, 90% of JupUSD’s reserves will initially be held in USDtb, a licensed stablecoin backed by shares of BUIDL, BlackRock’s tokenized money-market fund. The remaining backing is described as USDC.
The launch reflects a broader push in crypto toward stablecoins with reserve structures tied to regulated, real-world assets rather than only on-chain mechanisms. By linking most of its reserves to a stablecoin connected to BlackRock’s tokenized fund, Jupiter is positioning JupUSD as a stable settlement and collateral unit intended to work consistently across its applications.
- What launched: JupUSD, a new stablecoin from Jupiter
- Reserve composition (initial): 90% in USDtb (backed by BUIDL shares), plus USDC
- Intended use: collateral and settlement across lending vaults, DCA tools, perps, and prediction markets
