Key points
- Jupiter (JUP) launched a dedicated USDGO (USDGO) lending market on Solana (SOL).
- The market supports a $1.1 billion stablecoin and integrates with Bitget Wallet's 100 million users.
- Users can lend USDGO or borrow against crypto collateral through Jupiter Lend.
Jupiter (JUP) has launched a USDGO lending market on Solana (SOL), expanding access to the stablecoin's $1.1 billion ecosystem.
The platform lets users lend USDGO or borrow it against crypto collateral through Jupiter Lend.
“USDGO demonstrates exactly what that looks like,” according to Jupiter Chief Operating Officer Kash Dhanda.
The launch follows USDGO's initial Jupiter integration on 12 October, which introduced trading liquidity through Smart Vaults.
“Stablecoins are evolving into broader financial use cases,” according to Bitget Wallet Chief Operating Officer Alvin Kan.
Bitget Wallet also integrated the lending market, giving its 100 million users access through a self-custodial application.
OSL Group (HKEX:863) operates USDGO, issued by Anchorage Digital Bank and backed one-to-one by liquid assets, including US Treasuries.
The launch extends USDGO beyond trading and transfers into collateral-backed borrowing and decentralised lending.
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