Jupiter launches JupUSD reserve-backed stablecoin

Published at 2026-01-05 20:30:37

Jupiter officially launched JupUSD on Jan. 5, 2026, introducing a reserve-backed stablecoin pegged to the US dollar and supported by Ethena Labs. The new token carries the ticker JUPUSD alongside Jupiter’s native JUP token, and the project says reserves will underpin the peg rather than relying on algorithmic mechanisms.

The launch gives users and liquidity providers a dollar-denominated option inside the Jupiter ecosystem, which could improve trading pairs, payments and lending markets that use JUP as collateral. Support from Ethena Labs may ease integrations and trust for counterparties; however, market impact will depend on reserve transparency, on- and off-ramps, and adoption by exchanges and DeFi protocols.

JupiterDeFiStablecoinEthena LabsUSD PegJupUSD

Share on:

JPMorgan’s Kinexys unit is preparing to launch a U.S. dollar deposit token natively on the Canton Network, extending JPM Coin beyond its current infrastructure. The move aims to boost interoperability and institutional tokenization while preserving bank-grade controls.

JPM CoinJPMorganCanton NetworkStablecoinTokenizationInstitutional

Published at 2026-01-07 13:15:12

RAKBank Secures In-Principle Approval for Dirham Stablecoin

RAKBank has received in-principle approval from the UAE Central Bank to issue a dirham-backed stablecoin, bringing a local bank into the country’s intensifying stablecoin competition. The move underscores growing regulator support for regulated fiat-pegged tokens in the UAE.

UAEStablecoinDirhamRegulationRAKBank

Published at 2026-01-07 09:45:10

Tether Launches Scudo Unit for Fractional XAUT Payments

Tether unveiled Scudo on Tuesday, a new unit of account for its gold-backed token XAUT to enable fractional gold payments as bullion prices climb. The change aims to make tokenized gold practical for microtransactions and merchant use.

TetherXAUTGoldStablecoinPayments

Published at 2026-01-06 18:30:49

Coinbase Halts USDC Deposits in Argentina

Coinbase emailed customers on Jan. 6, 2026 that it will stop accepting Circle’s USDC deposits in Argentina as part of a product review. The exchange did not give an end date or immediately clarify impacts on withdrawals or trading of existing USDC balances.

USDCStablecoinCoinbaseExchangeArgentina

Published at 2026-01-06 10:45:09

OSL Lists Ripple USD (RLUSD) with Zero-Fee Trading Promotion

On Jan. 4, 2026, Hong Kong-based digital asset exchange OSL listed Ripple USD (RLUSD) and launched a zero-fee trading promotion to encourage adoption of the regulated stablecoin. The move pairs fee-free access with institutional-grade compliance and new onramps for dollar-pegged payments.