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 change Jupiter introduced on Wednesday that it’s going to launch its personal stablecoin, JupUSD, by the tip of the 12 months. The workforce 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 🥳
Inbuilt partnership with @ethena_labs, engineered to attach the Jupiverse.$JupUSD, going dwell in This fall. pic.twitter.com/MWTNTwpvHJ
— Jupiter (🐱, 🐐) (@JupiterExchange) October 8, 2025
Jupiter is growing 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 greater within the close to time period.
The RSI of 43 is beneath the impartial 50, indicating that sellers are at present accountable for the JUP/US pair. Moreover, the MACD traces are inside the unfavorable territory, suggesting a bearish development.
At press time, JUP is buying and selling at $0.4367. If the coin recovers from its stoop, it might surge greater in 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.
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.
