Key takeaways
- JUP, the native token of the Jupiter DEX, is up by lower than 1% within the final 24 hours, however might rally larger within the close to time period.
- Jupiter is growing its personal stablecoin, JupUSD, because of its partnership with Ethana Labs.
Jupiter to launch the JupUSD stablecoin
Solana-based decentralized trade Jupiter introduced on Wednesday that it’ll launch its personal stablecoin, JupUSD, by the tip of the yr. The workforce added that the stablecoin might be native to the Solana blockchain and tightly built-in throughout Jupiter’s ecosystem, together with its perpetuals platform, lending markets, and buying and selling interfaces.
BREAKING: Jupiter is launching its personal stablecoin 🥳
In-built partnership with @ethena_labs, engineered to attach the Jupiverse.$JupUSD, going reside in This autumn. pic.twitter.com/MWTNTwpvHJ
— Jupiter (🐱, 🐐) (@JupiterExchange) October 8, 2025
Jupiter is growing the stablecoin because of its partnership with Ethana Labs. Moreover, JupUSD might be totally collateralized by Ethana Labs’ USDtb, a stablecoin that’s backed by treasury funds, together with BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL).
JUP eyes $0.50 regardless of bearish PA
The JUP/USD 4H chart is bearish and environment friendly as Jupiter has misplaced 7% of its worth within the final seven days. The information of the event of the JupUSD stablecoin might push JUP’s value larger within the close to time period.
The RSI of 43 is under the impartial 50, indicating that sellers are at the moment answerable for the JUP/US pair. Moreover, the MACD traces are inside the damaging territory, suggesting a bearish pattern.
At press time, JUP is buying and selling at $0.4367. If the coin recovers from its hunch, it might surge larger in the direction of the TLQ and resistance degree at $0.477. An prolonged rally would enable the coin to prime the $0.50 mark for the primary time since September 22.
Nevertheless, failure to leverage the constructive ecosystem information might see JUP drop to the assist degree at $0.41. This assist degree will seemingly maintain within the close to time period, with bulls trying to leverage the expansion of the broader cryptocurrency market.