Jupiter, a decentralized trading platform in Solana, announced plans to launch Stablecoin in collaboration with the Etherna Labs.
The new token, called Jupusd, is set to live in mid -Q4 2025. According to a X Post on Wednesday, Jupusd will be included in all Jupiter products, which serves as collateral with the ongoing exchange of futures, a liquidity asset in Jupiter lending pools and a pair of trade.
According to Jupiter, Stablecoin is 100% collateralized by the USDTB of the Etherna Labs, a dollar token backed through the short-term properties of the US treasury. Over time, the USDE, Ethhena’s synthetic dollars, will be added as collateral to optimize yield rates.
The project is being built in collaboration with the Etherna Labs, which provided behind Stablecoins USDE and USDTB. According to In Defillma, the capitalization of the writing tokens market stands for $ 14.8 billion and $ 1.8 billion, respectively.
ETHENA LABS confirmed Collaboration with an X Post on Wednesday, which says the token was built on its white-label stablecoin-as-a-service stack-a framework that allows the release of branded stablecoins using Etherna’s infrastructure and collateral management.
According to Ethena, Jupusd will serve as a major collateral in Jupiter Perps, with approximately $ 750 million in existing stablecoins held in the pool pool of the platform that is gradually being replaced by Jupusd.
Related: All currencies will be stablecoins by 2030: Tether Co-Founder
The rise of white label stablecoins
While the Stablecoin market has passed $ 300 billion in Market Cap In Return a clear regulation And growing adoption, particularly in the US and Europe, many types of stablecoins are emerging.
On Thursday, SUI Group announced Plan to launch Suiusde and USDIThe first native stablecoins in the Sui Blockchain, in collaboration with the Etherna Labs and the Sui Foundation.
Based on the infrastructure of Etha’s white-label stablecoin, USDI will be fully backed by tokenized blackrock fund shares. At the same time, Suiusde will run as a synthetic dollar using a delta-neutral hedging approach.
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The US state of North Dakota announced plans to launch its own US -back Stablecoin dollar, The coin of the roughriderIn collaboration with Fintech company Fiserv. The project builds on Fiserv’s White-label Stablecoin Initiative for BanksIntroduced in June 2025.
Next to Etherna and Fiserv, a growing number of companies now gives businesses to issue their own stablecoins without obtaining separate licenses or developing custom infrastructure. Companies that offer infrastructure for white labels stablecoins include a startup called Bastion and Global Payment Company Stripe.
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