Key takeaways
JUP, the native token of the Jupiter DEX, is up by lower than 1% within the final 24 hours, however might rally greater within the close to time period.
Jupiter is growing 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’s going to launch its personal stablecoin, JupUSD, by the top of the 12 months. The staff added that the stablecoin will probably 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 🥳
Inbuilt 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 growing the stablecoin because of its partnership with Ethana Labs. Moreover, JupUSD will probably be totally 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 greater within the close to time period.
The RSI of 43 is under the impartial 50, indicating that sellers are presently answerable for the JUP/US pair. Moreover, the MACD traces are throughout the detrimental territory, suggesting a bearish development.
At press time, JUP is buying and selling at $0.4367. If the coin recovers from its hunch, it might surge greater in the direction of the TLQ and resistance degree at $0.477. An prolonged rally would enable the coin to prime the $0.50 mark for the primary time since September 22.
Nonetheless, failure to leverage the constructive ecosystem information might see JUP drop to the assist degree at $0.41. This assist degree will possible maintain within the close to time period, with bulls trying to leverage the expansion of the broader cryptocurrency market.
