Important points
JUP, the native token of Jupiter DEX, is up less than 1% in the past 24 hours, but could rise further in the short term.
Jupiter is developing its own stablecoin JupUSD in partnership with Ethana Labs.
Jupiter to launch stablecoin JupUSD
Solana-based decentralized exchange Jupiter announced Wednesday that it will launch its own stablecoin, JupUSD, by the end of the year. The team added that the stablecoin is native to the Solana blockchain and will be tightly integrated across Jupiter’s ecosystem, including perpetual platforms, lending markets, and trading interfaces.
BREAKING NEWS: Jupiter launches its own stablecoin š„³
Built in partnership with @ethena_labs and designed to connect to Jupiverse.$JupUSD, it will go live in Q4. pic.twitter.com/MWTNTwpvHJ
ā Jupiter (š±, š) (@JupiterExchange) October 8, 2025
Jupiter is developing a stablecoin thanks to a partnership with Ethana Labs. Additionally, JupUSD will be fully collateralized by Ethana Labsā USDtb, a stablecoin backed by treasury funds including BlackRockās USD Institutional Digital Liquidity Fund (BUIDL).
JUP aims for $0.50 despite PA weakness
JUP/USD 4H chart is bearish and efficient as Jupiter has lost 7% of its value in the past 7 days. News of the development of the JupUSD stablecoin could cause the price of JUP to rise in the short term.
RSI 43 is below the neutral 50, indicating that sellers are currently in control of the JUP/US pair. Additionally, the MACD line is within negative territory, suggesting a bearish trend.
At the time of writing, JUP is trading at $0.4367. If the coin recovers from the downturn, it could surge towards the TLQ and resistance level at $0.477. If the rally continues, it could break above the $0.50 level for the first time since September 22nd.
However, if JUP fails to capitalize on positive news in the ecosystem, it could fall to the $0.41 support level. This support level is likely to hold in the near term, with bulls looking to capitalize on growth in the broader crypto market.
