Main Highlights
- JUP, the native token of the Jupiter decentralized exchange (DEX), has seen a modest increase of less than 1% in the last 24 hours, but it holds potential for short-term gains.
- Jupiter is developing its own stablecoin, JupUSD, through a partnership with Ethana Labs.
Jupiter to Launch JupUSD Stablecoin
The Solana-based decentralized exchange, Jupiter, announced on Wednesday that it will launch its own stablecoin, JupUSD, by the end of the year. The team indicated that the stablecoin will be native to the Solana blockchain and closely integrated within the Jupiter ecosystem, which includes its perpetual platform, lending markets, and trading interfaces.
BREAKING: Jupiter is launching its own stablecoin 🥳
Built in partnership with @ethena_labs, designed to connect the Jupiverse. $JupUSD expected to go live in Q4. pic.twitter.com/MWTNTwpvHJ
— Jupiter (🐱, 🐐 ) (@JupiterExchange) October 8, 2025
Jupiter’s stablecoin development is made possible through its collaboration with Ethana Labs. Moreover, JupUSD will be fully backed by USDtb from Ethana Labs, a stablecoin supported by treasury funds, including BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).
JUP Targets $0.50 Despite Bearish Momentum
The JUP/USD 4-hour chart indicates a bearish trend, with Jupiter losing 7% of its value over the past week. However, the news surrounding the stablecoin’s development could propel the price of JUP in the short term.
The relative strength index (RSI) stands at 43, below the neutral mark of 50, suggesting that sellers currently control the JUP/USD pair. Additionally, the MACD lines are in negative territory, indicating a downtrend.
As of this writing, JUP is trading at $0.4367. If the token can recover from its recent decline, it may rise towards the $0.477 resistance level. A sustained rally could see the token cross the $0.50 mark for the first time since September 22.
Conversely, failing to leverage positive developments within the ecosystem might result in JUP dropping to a support level around $0.41. This support level is expected to hold in the short term as bulls seek to capitalize on the broader cryptocurrency market growth.
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