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Jupiter partners with Ethena to launch Solana stablecoin JupUSD 750 million USDC will be converted
[Chain News] On October 8, Ethena announced a partnership with Jupiter to launch the Solana ecosystem's native stablecoin JupUSD. This token is planned to be released in the fourth quarter. As part of the protocol, Jupiter plans to "gradually convert" approximately 750 million USD of USDC in its liquidity provider pool into JupUSD.