Jupiter Unveils JupUSD and Rolls Out Major Solana Upgrades at Breakpoint
Jupiter used its Breakpoint appearance to unveil seven coordinated upgrades across its platform, led by JupUSD, a new stablecoin built in partnership with Ethena. The stablecoin will be deeply integrated across the Jupiter ecosystem, letting users earn rewards while placing DCA orders, limit orders, and participating in prediction markets.
The Solana-based decentralized exchange—now handling $1.08 trillion in spot and perpetual trading volume year-to-date and securing $2.7 billion in total value locked—said the upgrades are designed to fix long-standing issues in on-chain finance, including fragmented data, scam tokens, and the lack of institutional-grade trading tools.
JupUSD: A Stablecoin Built Into the System
JupUSD is set to launch next week with protocol-level integration that standalone stablecoins can’t match. Jupiter executives say controlling both the stablecoin and the trading infrastructure creates powerful synergies across trading, lending, and derivatives—forming a self-reinforcing ecosystem.
The stablecoin will plug directly into Jupiter’s existing rails, which already process billions in stablecoin volume across swap aggregation, perpetuals, and lending, giving the platform what it calls a full end-to-end financial stack.
The timing aligns with Solana’s growing stablecoin momentum. Western Union plans to launch a U.S. dollar payment token on Solana in 2026, while the Solana Foundation has partnered with Wavebridge to develop a compliance-ready KRW stablecoin for South Korea’s evolving regulatory framework.
Lending, Data, and Trading Get a Major Upgrade
Jupiter also announced that Jupiter Lend has exited beta and gone fully open source after hitting $1 billion in total supply in just eight days, the fastest growth of any Solana protocol to date.
Built with Fluid, the lending platform introduces tick-based liquidity, allowing risky positions to be liquidated in a single transaction. This design enables higher loan-to-value ratios and lower liquidation penalties, setting a new bar for DeFi lending efficiency.
On the developer side, Jupiter launched a new Developer Platform that brings real-time analytics for all Jupiter APIs into one dashboard. Builders can now track usage, performance, and errors—making it easier to debug issues and ship faster.
One Terminal, Cleaner Data, Fewer Scams
The upgraded Jupiter Terminal now brings all asset classes into one trading interface, featuring wallet tracking, Alphascan analytics across more than 61 launchpads, and professional execution tools like one-cancels-other orders and partial fills. It runs on Ultra v3, Jupiter’s in-house trading engine—technology also used by Robinhood.
Meanwhile, VRFD has expanded from token verification into a full data-trust layer. With Solana seeing up to 30,000 new tokens launched daily, many of them scams, VRFD now verifies metadata and delivers high-confidence signals across wallets, APIs, and mobile apps.
Expanding Credit Markets Beyond Crypto
Jupiter also revealed the acquisition of Rain.fi, aiming to push its lending capabilities beyond traditional on-chain assets. Rain’s upcoming Offer Book, launching in Q1, will enable fixed-term, peer-to-peer lending without forced liquidations, opening the door for long-tail and off-chain assets to become productive on-chain.
To tie everything together, Jupiter launched a Rewards Hub that unifies trading, referrals, and contributions into one system, backed by a $1 million rewards pool tied to real usage instead of inflated incentive programs.
The Big Picture
Rather than launching flashy new products, Jupiter says these upgrades are deliberate improvements to systems already used by hundreds of millions of traders, builders, and users. Together, they signal a clear push toward making on-chain finance faster, safer, and ready for institutional scale.
