Jupiter has launched a dedicated lending market for USDGO, the dollar-pegged stablecoin issued by Anchorage Digital Bank and distributed by Hong Kong-listed OSL Group (863.HK), giving holders a new way to earn yield on the token or borrow against crypto collateral.
The Solana-based trading and lending platform announced the move on Thursday, Nov. 12. The market is also available inside Bitget Wallet's self-custodial app, so users can lend or borrow USDGO without moving assets to a centralized venue.
The launch caps a staged expansion for USDGO from corporate payment rails into onchain credit. Anchorage and OSL introduced the token in December 2025 with cross-border payments, treasury operations and onchain settlement as its intended uses. The stablecoin went live on Solana in February 2026 with an initial $50 million minted, and Jupiter added USDGO trading liquidity to its Lend automated market maker on Oct. 12 using Fluid's liquidity infrastructure. At the time, Jupiter said lending would follow.
"Jupiter started out by solving the fragmented trading experience on Solana," Jupiter chief operating officer Kash Dhanda said in the statement. "USDGO demonstrates exactly what that looks like. Users can swap it, supply it as liquidity, or borrow it against their assets, on the same platform."
Bitget Wallet chief operating officer Alvin Kan described the integration as a way to let users "put their digital dollars to work, with self-custody remaining at the center of their experience." The wallet reports roughly 100 million users.
USDGO is backed by reserves that include U.S. Treasuries. OSL pays a federal-funds-linked yield on the token, about 3.24% after fees as of May, but only to professional investors on its own platform. Jupiter's market extends an onchain yield to other holders, with rates set by borrower demand.
Jupiter Lend, the platform's lending protocol, carries more than $1 billion in active loans. USDGO's circulating supply sits near $1.1 billion, down from about $1.29 billion in mid-October, after climbing to $900 million by July. A report in July ranked it as Solana's second-largest alternative stablecoin, behind World Liberty Financial's USD1.
Note: Supply and market-cap figures are as stated in company and press statements; the October supply figure was reported at about $1.27 billion, with the company later citing $1.1 billion.
The addition matters for the competitive position of smaller stablecoins. Tether's USDT and Circle's USDC still dominate circulating supply, and issuers outside that duopoly have leaned on trading venues and lending protocols to build demand beyond payments. A dedicated borrowing market gives USDGO a credit use case that can generate recurring onchain activity, though the token's supply has already slipped from its October peak.
For Jupiter, the launch deepens its push beyond swaps into credit, following the October liquidity pool. Bundling lending inside a self-custodial wallet also widens the addressable user base for a token whose yield was previously limited to professional investors on the issuer's platform.
