Jupiter Launches JupUSD Stablecoin Backed by BlackRock’s BUIDL Fund and USDC

The decentralized finance platform unveiled its new yield-bearing stablecoin built with 90% backing from BlackRock’s BUIDL fund and 10% USDC holdings.

USDC

BUIDL

JUP

49d ago

Summary

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Terms & Concepts

Stablecoin: A cryptocurrency designed to maintain a stable value, typically pegged to a currency or asset.
BUIDL fund: A tokenized investment vehicle by BlackRock that provides exposure to U.S. Treasury yields.
Composable trading token: A blockchain token that can be integrated and used across multiple decentralized finance applications seamlessly.