Key takeaways
JUP, the native token of the Jupiter DEX, is up by lower than 1% within the final 24 hours, however might rally increased within the close to time period.
Jupiter is creating its personal stablecoin, JupUSD, because of its partnership with Ethana Labs.
Jupiter to launch the JupUSD stablecoin
Solana-based decentralized alternate Jupiter introduced on Wednesday that it’ll launch its personal stablecoin, JupUSD, by the top of the yr. The group 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 dwell in This autumn. pic.twitter.com/MWTNTwpvHJ
— Jupiter (🐱, 🐐) (@JupiterExchange) October 8, 2025
Jupiter is creating the stablecoin because of its partnership with Ethana Labs. Moreover, JupUSD might be absolutely 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 increased within the close to time period.
The RSI of 43 is beneath the impartial 50, indicating that sellers are presently in command of 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 droop, it might surge increased in direction of the TLQ and resistance degree at $0.477. An prolonged rally would permit the coin to high the $0.50 mark for the primary time since September 22.
Nevertheless, failure to leverage the optimistic ecosystem information might see JUP drop to the assist degree at $0.41. This assist degree will doubtless maintain within the close to time period, with bulls seeking to leverage the expansion of the broader cryptocurrency market.
