Key Highlights:
- JUP, the native token of the Jupiter DEX, has risen by less than 1% in the last 24 hours but may see short-term gains.
- Jupiter is developing its own stablecoin, JupUSD, in partnership with Ethana Labs.
Jupiter to Launch Stablecoin JupUSD
The decentralized exchange (DEX) Jupiter, built on the Solana blockchain, announced on Wednesday it will launch its own stablecoin, JupUSD, by the end of the year. The team stated that the stablecoin will be natively integrated into the Jupiter ecosystem, which includes its perpetual platform, lending markets, and trading interfaces.
BREAKING: Jupiter launches its own stablecoin š„³ Designed to connect the Jupiverse. $JupUSD set to go live in Q4. $JupUSD pic.twitter.com/MWTNTwpvHJ
ā Jupiter (š±, š ) (@JupiterExchange) October 8, 2025
Jupiter is developing this stablecoin through its partnership with Ethana Labs. Additionally, JupUSD will be fully backed by Ethana Labsā USDtb, a stablecoin supported by treasury funds, including BlackRockās USD Institutional Digital Liquidity Fund (BUIDL).
JUP Eyes $0.50 Despite Bearish Trends
According to the JUP/USD 4-hour chart, the current outlook appears bearish, with Jupiter having lost 7% of its value over the past week. Nevertheless, the announcement concerning the development of JupUSD could propel JUP’s price in the short term.
The RSI stands at 43, below the neutral level of 50, indicating that bears currently have control over the JUP/US pair. Furthermore, the MACD lines are in negative territory, suggesting a downward trend.
As of press time, JUP is trading at $0.4367. If the token rebounds from its recent decline, it could target resistance levels at $0.477. A prolonged rally may even push the coin above the $0.50 mark for the first time since September 22.
However, a failure to capitalize on positive ecosystem developments could see JUP slide to a support level of $0.41. This support level is expected to hold in the short term as bulls seek to leverage growth in the wider cryptocurrency market.
