Events

Jupiter has introduced JupUSD, a decentralized, over-collateralized stablecoin built on Ethena technology and primarily collateralized by BlackRock's tokenized USD fund alongside USDC. Jupiter will integrate JupUSD across its DeFi suite on Solana as part of a broader infrastructure upgrade.

Jupiter Exchange's prior assertion that Jupiter Lend posed "zero contagion risk" proved incorrect, prompting fears of DeFi contagion across Solana and raising questions about transparency. The team has since released risk disclosures and explained vault mechanics to clarify actual contagion exposure and calm users.

Jupiter, a Solana-based decentralized exchange aggregator, has launched a beta prediction market in collaboration with Kalshi, focusing on the Formula 1 Mexico Grand Prix, allowing users to trade on race outcomes and marking a significant step in decentralized finance.