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Jupiter has rolled out JupUSD, a new stablecoin built on Solana, collaborating with Ethena Labs on the infrastructure. The reserve backing is split strategically: 90% held in USDtb—which draws support from BlackRock's BUIDL tokenized fund—while the remaining 10% sits in USDC. This dual-reserve model aims to blend institutional-grade stability with blockchain accessibility, marking another step in Solana's stablecoin ecosystem expansion.