Jupiter just rolled out JupUSD, a fresh stablecoin backed by a solid collaboration with Ethena. The numbers are already looking pretty solid—the protocol's hit $11.5M+ in circulating supply since launch, which shows real traction pretty quick. The interesting angle here is how JupUSD sits at the intersection of Jupiter's existing ecosystem and Ethena's infrastructure. For traders and liquidity providers eyeing fresh opportunities in the stablecoin space, this could be worth exploring. The question becomes whether you're comfortable parking meaningful capital into this new player, or if you'd rather let it mature a bit longer. Market dynamics should reveal the answer soon enough.