What it is
A dollar stablecoin launched with Ethena in January 2026, backed mainly by USDtb (itself backed by BlackRock's BUIDL) and USDC. It powers Jupiter Lend, JLP and perps collateral.
Risks to know
- Smart contracts can have bugs. Only deposit what you can afford to lose, and check you're on jup.ag before connecting.
Numbers from DefiLlama, snapshot Oct 18, 2026. Facts checked Oct 19, 2026. This page is educational, not financial advice.
