📍After #SUI, #Ethena is entering the #Solana Eco with the stablecoin #JupUSD
📌 #Ethena Labs, the developer of USDe, has officially partnered with #Jupiter to launch JupUSD – the first native stablecoin of the Solana ecosystem, expected to launch in Q4/2025.
📌 Jupiter will transfer approximately $750M in liquidity from USDC to JupUSD, making JupUSD the default stablecoin for the entire ecosystem, deeply integrated into swaps, lending, perps, and other DeFi protocols on Solana.
-> Ethena continues to scale with the Stablecoin-as-a-Service model, and Solana will also reduce its dependence on #USDC/#USDT and gain autonomy over its native liquidity.
📍 Sui Group jumps into the stablecoin race: USDi & suiUSDe launch
🧮 USDi is backed 1:1 by tokenized money market (via BlackRock + Securitize) — it does not earn interest.
📈 suiUSDe is even better: it pays interest to holders, modeled after Ethena's USDe — based on a mix of assets + derivatives.
Sui Group collaborates with Ethena and Sui Foundation, expanding liquidity and increasing utility within the Sui ecosystem.
-> The effort to launch its own stablecoin is a strong step for Sui to not only be a chain providing infrastructure but also to want to control DeFi within its ecosystem. This model is fundamentally similar to Ethena; in the already crowded stablecoin market, USDi not earning interest may be more acceptable, but suiUSDe is also a double-edged sword if the market dumps.
If Sui performs well, with a good UI, transparency, strong reserves, clear governance, and effectively leveraging incentives from the stablecoin, attracting significant capital inflow into Sui Eco and boosting $SUI's price is very much within reach.
Don't forget that right after Sui launched the stable native $suiUSDe, the TVL of the Sui ecosystem surpassed its all-time high.
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