Solana's decentralized exchange,
Jupiter, is in the news for a number of reasons. Firstly, it has been turning heads with its recently unveiled stablecoin,
JupUSD, which is designed to return native treasury yield to users and backed by
BlackRock BUIDL. The stablecoin has the aim of becoming a significant part of Solana's ecosystem, reflecting Jupiterβs vision to unify its DeFi products.
Ethena Labs partnered with Jupiter to push the JupUSD stablecoin into reality. Another development for the exchange was the launch of a
Kalshi-powered prediction market for F1 Mexico Grand Prix winner. However, not all changes have been as positively received. Jupiter's decision to significantly reduce its airdrop size and reconsider its JUP buyback plan have been met with criticism. Despite this,
Coinbase announced trading for Pluto and Jupiter will commence on December 9th. Other significant developments include the decision to halt DAO votes due to trust breakdown, Vega Protocol reportedly slashing its airdrop size, and the recent announcement that Jupiter would progressively convert $750 million USDC into the new Solana stablecoin JupUSD, in partnership with Ethena Labs.Numerous JUP price predictions point towards significant potential for a surge, with some suggesting the coin could hit $2. The beta launch of a new Prediction Market on Solana offers potential for further growth. Despite a panic sell-off following an 80% crash, some analysts see this as a buying opportunity.
Jupiter Coin News Analytics from Sun, 26 Jan 2025 08:00:00 GMT to Sun, 18 Jan 2026 08:57:09 GMT -
Rating 3
- Innovation 4
- Information 6
- Rumor 5
