Jupiter, a decentralized exchange aggregator operating on the Solana blockchain, has secured a significant $35 million investment from ParaFi Capital. This strategic funding, announced on February 2, 2026, is set to enhance Jupiter's market presence and bolster its proprietary stablecoin, JupUSD. Based on the data provided in the document, this investment marks a pivotal moment for the platform's growth and development.
Investment Details
The investment will be fully settled in JupUSD, Jupiter's own stablecoin, at current market prices. ParaFi Capital has agreed to an extended lockup period for the JUP tokens received, although the specific duration remains undisclosed. This influx of capital is anticipated to nearly double the circulating supply of JupUSD, which currently boasts a market capitalization of around $387 million.
Backing and Collaboration
JupUSD is primarily backed by USDT, a stablecoin that is collateralized by tokenized US Treasury assets. This innovative financial product was developed in collaboration with Ethena Labs, where ParaFi Capital also holds an investment stake. The partnership underscores the growing interest in decentralized finance and the potential for stablecoins to play a pivotal role in the ecosystem.
Recently, Flying Tulip secured a significant $255 million in Series A funding, highlighting the ongoing interest in decentralized finance. For more details, see further information.
