The Rollup Why Jupiter Is Launching Its Own Stablecoin with Kash Dhanda
Oct 23, 2025
In this engaging discussion, Kash Dhanda, the Founder and COO of Jupiter, shares how his team navigated the FTX collapse and launched their own stablecoin, JupeUSD. He reveals the motivation behind launching stablecoins now and the impact of their innovative ICO platform. Kash dives into Jupiter's strategy for becoming a DeFi super app on Solana, emphasizing liquidity solutions and the benefits for JUP holders. Listeners will find exciting insights into the future of stablecoins and institutional adoption in the crypto space.
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DeFi Super App Through Product Expansion
- Jupiter evolved from a DEX aggregator into a DeFi super app by layering products and leveraging user trust.
- That expansion unlocked revenue-generating verticals like perps, lending, and a mobile wallet with high retention.
Perps And Liquidity Drove Growth
- Perps and JLP liquidity proved the inflection that enabled Jupiter to scale across products.
- Jupiter now sees massive distribution: 8.4 million wallets connected in Q3 alone.
Stablecoin Completes The Stack
- Launching JupeUSD fills Jupiter's missing payments layer and internalizes revenue and control.
- Owning a large stablecoin builds trust with tradfi and powers product growth across the ecosystem.