Key notes
- The collaboration aims to strengthen the ecosystem of Jupiter products while reducing friction between the block chains for users.
- The USDE of Ethena has reached a market capitalization of nearly $ 15 billion, which represents five percent of the total stable parts market.
- Sector leaders predict substantial expansion of the stable parts market, motivated by favorable regulatory developments and institutional interest.
Ethena Labs, a decentralized protocol, and Jupiter, a decentralized exchange aggregator (DEX) built on the Solana blockchain, announced the upcoming launch of Jupusd, a native Stablecoin of Solana supported by USDTB.
Jupusd is currently being developed and is expected to be launched in late 2025 or the start of 2026. According to an article on X of Ethena Labs, it “should be operational in the coming months” and will join the range of Stablecoin-as-A-Service products in the White Lands of Ethena.
Presentation of jupusd: the stablecoin native of the @Jupiterexchange Ecosystem built on the stablecoin-as-a-service battery of Ethena.
Jupusd will connect to all the major elements of the Jupiter battery, in particular:
– Jupiter Perps: where the ~ $ 750 million in stablecoins will gradually be inside the JLP… pic.twitter.com/jlnlc2encz
– Ethena laboratories (@ethena_labs) October 8, 2025
Reduce friction as stablecoin options develop
The crypto community on X has been largely positive with regard to the announcement, many having replied that they were “optimistic” with regard to news and others praising the partnership for its efforts to reduce friction between blockchains.
In a YouTube video announcing the partnership, the leaders of Jupiter and Ethena Labs discussed the launch of Jupusd and predicted massive growth in the stable parts market in next year.
In the video, Guy Young, CEO of Ethena Labs, says that “stable parts are one of the best companies you can have in Defi” and says that the objective of the partnership, beyond simply doing good business, is to make “the rest of the rest of Jupiter even stronger”.
https://www.youtube.com/watch?v=_1hoshmpwis
Stablecoins continue to gain popularity
Stablecoins have become more and more popular throughout 2025. Pro-stable laws such as the Genius Act in the United States paved the way for increasing institutional and individual adoption.
As Coinspeaker reported it on September 19, Ethena’s stable synthetic currency, USDE, recently exceeded $ 14 billion in market capitalization. Its market capitalization currently amounted to $ 14.95 billion at the time of the publication of this article, according to Defillama data.
Meanwhile, on October 3, the total market capitalization of stable parts exceeded for the first time the $ 300 billion, reaching $ 313.6 billion on October 8.
The Ethena Usde represents around 5 % of the total ceiling of stable parts. The Tether USDT represents around 58 % with a ceiling of $ 178 billion and the USDC contributes to around 25 % with $ 75 billion.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and current information, but must not be considered as a financial or investment advice. Since market conditions may change quickly, we encourage you to check the information for yourself and consult a professional before making any decision-based decision.
Tristan is a technological journalist and editorial manager with 8 years of experience in the fields of science, deep technology, finance, politics and business. Before joining Coinspeaker, he wrote for Cointelegraph and Tnw.
Tristan Greene on x
