Jupiter's stablecoin JupUSD is expected to launch next week.

Odaily Planet Daily reports that Jupiter announced at the Solana Breakpoint conference that its stablecoin JupUSD is expected to launch later next week.

Previously, Ethena announced a partnership with Jupiter to launch JupUSD, the native stablecoin of the Solana ecosystem. The token is scheduled to launch in the fourth quarter. As part of the agreement, Jupiter plans to "gradually convert" approximately $750 million of USDC in its liquidity provider pools to JupUSD.