Solana DEX Jupiter has moved from aggregator to issuer, unveiling a native stablecoin called JupUSD that the team says is designed to funnel real-world treasury yield back into its on-chain ecosystem. Announced in early January 2026, the token is being pitched as not only a dollar peg for the Jupiter stack but as a yield-bearing primitive that can be used across the protocol’s products.
What sets JupUSD apart, according to Jupiter, is its reserve structure and the mechanics for sharing yield. Jupiter says the stablecoin’s reserves will be 90% held in USDtb, a licensed stablecoin that itself is collateralized by shares of BlackRock’s BUIDL fund, with the remaining 10% kept in USDC as a liquidity buffer. The protocol argues this mix delivers institutional-grade backing while preserving on-chain liquidity.
Jupiter also emphasised that JupUSD is meant to be a vehicle for native treasury yield. The team wrote that it is “the first stablecoin that actively returns native treasury yield to the ecosystem,” and that users can capture that yield today by supplying JupUSD into Jupiter Lend. In practice, depositing JupUSD on Jupiter Lend mints a yield-bearing representation (referred to internally as jlJupUSD), which Jupiter says will be a composable, tradable DeFi primitive much like its existing JLP instrument.
New on Solana
The announcement leaned heavily on transparency and security messaging. Jupiter’s public post framed JupUSD as being built “with the intention of being the most secure, transparent, and inclusive stablecoin in the world,” and the team signalled plans to broaden integrations and partner support over time. The project’s code, audits and custody arrangements have been highlighted in subsequent coverage as part of its risk-mitigation narrative.
For Solana users and DeFi builders, the arrival of a native, yield-bearing stablecoin could change how capital is moved across the chain. Jupiter has said it intends for JupUSD to slot into lending, perps, and other modules of its stack, gradually becoming a core collateral type for the Jupiverse.
Whether the market treats an asset backed heavily by tokenized institutional products as a safer option remains to be seen; critics of similar constructions point to liquidity and peg-risk in strained conditions, while proponents argue that on-chain access to treasury yields is exactly the innovation DeFi needs.
Jupiter closed its initial message with a reminder that the product is early and under active development, inviting users and integrators to watch for more features and partners. For now, JupUSD represents Jupiter’s most ambitious step yet toward owning not just order flow on Solana but a piece of the capital stack that underpins it.
Source: https://blockchainreporter.net/solana-dex-jupiter-unveils-jupusd-returning-native-treasury-yield-to-users/
