Solana’s Jupiter Exchange to Launch Native Stablecoin JupUSD in Strategic Partnership with Ethena

In a significant development for the Solana DeFi ecosystem, Jupiter, the leading decentralized exchange aggregator on the Solana network, has announced plans to launch its own native stablecoin called JupUSD. This strategic initiative is being undertaken in collaboration with established stablecoin issuer Ethena, with the official launch scheduled for the fourth quarter of 2024. The stablecoin will initially be collateralized using Ethena's USDtb product, which is directly tied to BlackRock's tokenized treasury fund BUIDL, providing a strong foundation of traditional finance credibility and security. This backing from one of the world's largest asset management companies represents a major milestone in bridging traditional finance with decentralized ecosystems. The integration of Ethena's USDe, currently the third-largest stablecoin by market capitalization, as additional collateral later in the development timeline further strengthens JupUSD's position in the competitive stablecoin market. This multi-collateral approach demonstrates Jupiter's commitment to creating a robust and versatile stablecoin that can serve various use cases within the Solana ecosystem and beyond. The timing of this announcement comes as Solana continues to establish itself as a leading blockchain for decentralized finance applications, with Jupiter playing a pivotal role in aggregating liquidity across multiple protocols. This development represents a strategic move that could significantly enhance Solana's DeFi landscape by providing a native stablecoin solution tailored specifically for the network's high-speed, low-cost transaction environment. The partnership with Ethena brings considerable expertise in stablecoin issuance and management, while the connection to BlackRock's BUIDL fund adds institutional-grade credibility. As of October 2025, the market has been eagerly watching Jupiter's progress since the initial announcement, with many anticipating that JupUSD could become a major player in the stablecoin space, potentially challenging established leaders like Tether and USD Coin while driving further adoption of Solana-based DeFi applications.

Solana DeFi Exchange Jupiter to Launch Native Stablecoin

Jupiter, a leading decentralized exchange aggregator on the solana network, is set to introduce its own stablecoin, JupUSD, in collaboration with stablecoin issuer Ethena. The launch is slated for Q4 2024, with initial collateralization backed by Ethena's USDtb—a product tied to BlackRock's tokenized treasury fund, BUIDL.

JupUSD will later incorporate Ethena's USDe, the third-largest stablecoin by market cap, as additional collateral. "Stablecoins are a critical component of serving global DeFi adoption," emphasized Jupiter COO Kash Dhanda. The stablecoin market has surged 75% year-over-year, now exceeding $300 billion in capitalization.

SOL Price Prediction: Technical Analysis Points to $240 Target

Solana's SOL demonstrates bullish momentum, with technical indicators suggesting a 25% upside toward $240 by month-end. The asset currently trades at $227.69, having gained 2.27% in the past 24 hours. Analysts identify $248.57 as immediate resistance, with the 50-day SMA providing support at $216.18.

Market observers show rare consensus on SOL's trajectory. 30Rates forecasts a $240 price by October 31, while Changelly projects near-term movement to $233.33. BitScreener's long-term outlook remains most optimistic, anticipating $340.07 by 2026—a potential 50% appreciation from current levels.

The $240-250 zone emerges as critical resistance. A sustained break above $224 could accelerate gains, confirming the bullish technical setup that's drawn institutional interest throughout this market cycle.

Bank of North Dakota Partners with Fiserv to Launch State-Backed Stablecoin 'Roughrider Coin'

The Bank of North Dakota and financial technology firm Fiserv announced plans to launch Roughrider Coin, a U.S. dollar-backed stablecoin, in 2026. The token will operate on Fiserv's FIUSD platform, a blockchain-based system enabling banks to issue and transfer digital assets. Built on the Solana blockchain, Roughrider Coin marks the first state-issued stablecoin using this infrastructure.

Governor Kelly Armstrong emphasized the innovation, stating the stablecoin will enhance efficiency and quality control in banking. The coin will be fully backed by U.S. dollars and interoperable with other FIUSD assets. This follows Wyoming's Frontier Stable Token launch in August, signaling growing state-level adoption of blockchain solutions in traditional finance.

Jupiter to Launch Solana-Based Stablecoin JupUSD in Q4 2025

Jupiter, a leading DeFi aggregator on Solana, is partnering with Ethena Labs to introduce JupUSD, a native stablecoin designed to become a foundational element of its ecosystem. Slated for a Q4 2025 launch, the stablecoin will initially be fully collateralized by USDtb, a short-term U.S. Treasury-backed stablecoin, before integrating Ethena's yield-bearing USDe.

The project aims to embed JupUSD across Jupiter's entire product suite—from swaps and lending to perpetual trading—positioning it as a liquidity LAYER rather than a mere payment tool. Ethena's infrastructure will power the stablecoin's mechanics, allowing Jupiter to avoid building from scratch while adding programmable yield opportunities.

SOL Price Watch: Technical Breakout Eyes $241 Resistance After 32% Rally

Solana's SOL surged to $226.90, marking a 32.2% premium above its 200-day moving average as institutional interest builds. The cryptocurrency now tests key technical levels with $241.82 resistance in focus.

Trading volume hit $676 million, confirming strong buyer participation. Momentum indicators remain favorable—the RSI at 53.1 avoids overbought territory while MACD sustains bullish divergence at 0.4328.

Market structure shows disciplined price action, with SOL holding above both the 20-day ($220.44) and 50-day ($216.99) moving averages. Traders eye $225-$227 as optimal entry zone, provided volume sustains above 500 million USDT.

Trump Coin ETF Listed on DTCC, Nears Mainstream Trading

The TRUMP Coin ETF, featuring a Solana-based political meme coin inspired by former President Donald Trump, has been listed on the DTCC platform under the ticker TRPC. This move signals a significant step toward broader accessibility for brokers and investors, though SEC approval remains pending.

The listing underscores the increasing integration of political meme coins into traditional finance. Solana's role as the underlying blockchain highlights its growing prominence in tokenized assets. Market observers are watching closely to see if this development paves the way for similar niche ETFs.