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<h3>Fireline Report</h3>
<p>Ethena has teamed up with Jupiter to launch Solana's native stablecoin JupUSD in Q4. Initially, it will be 100% collateralized by USDtb. Jupiter plans to gradually convert the approximately $750 million USDC pool into JupUSD.</p>
<h3>Trading Guide</h3>
<p>Event-driven, pay attention to the launch of JupUSD and the progress of JLP pool conversion. If the JUP price retreats to the historical low range, it will be observed. The invalidation condition is the delay of JupUSD integration or the lack of liquidity.</p>
<p style="margin-top: 20px; text-align: center; opacity: 0.4;"><small>Updated at 10-08 23:17</small><br><small>AI-generated summary, not investment advice</small></p></div>