Solana DEX Jupiter (JUP) announced via its official X that the supply of USDe on its cryptocurrency lending platform, Jupiter Lend, has exceeded $50 million. In this regard, Jupiter explained, "Users can increase stablecoin deposit rates to over 20% by looping USDe (repeated lending) on the on-chain lending infrastructure." USDe is a dollar-pegged stablecoin issued by the synthetic dollar protocol Ethena (ENA). Previously, Jupiter announced that it had launched an Ethena-exclusive marketplace on Jupiter Lend in collaboration with Bitwise.
