Jupiter, a Solana-based decentralised finance (DeFi) platform, has opened a lending market dedicated to the dollar-pegged stablecoin USDGO.

On Nov. 12, blockchain media outlet Cryptopolitan reported that users can supply USDGO to the new market to earn returns or borrow USDGO by posting their cryptocurrency as collateral. The market is also linked to Bitget Wallet’s self-custody app.

USDGO is a stablecoin designed for corporate payments. When it was first unveiled in December 2025, it presented cross-border payments and corporate treasury management as key uses. It was officially launched on Solana in February, and Anchorage said at the time it would issue an initial $50 million and planned to expand to other networks.

DeFi use picked up on Oct. 12. Jupiter used Fluid’s liquidity-as-a-service to provide USDGO trading liquidity to its Lend automated market maker (AMM). It has added the lending function it had flagged at the time by opening this dedicated market.

Kash Danda (카쉬 단다), Jupiter's chief operating officer, explained that Jupiter began by trying to resolve fragmented trading experiences on Solana. He stressed that USDGO users can swap tokens, provide liquidity and borrow against assets on the same platform. Alvin Kan (앨빈 칸), Bitget Wallet's COO, said the focus of the linkage was to help users seek yield opportunities using digital dollars while keeping control of their assets.

USDGO’s supply surpassed $1 billion in July, five months after its launch. At the time, it was the second-largest alternative stablecoin on Solana after World Liberty Financial (WLFI)’s USD1. As of Oct. 12, its supply on Solana reached about $1.27 billion, but the number of holding wallets remained in the hundreds, showing a corporate-centred holding structure. In an announcement on Nov. 12, its supply was put at $1.1 billion.

With the launch of this lending market, USDGO has expanded its DeFi use beyond corporate payments and treasury management. A key question going forward is how much of the corporate-held supply will translate into actual supply and borrowing demand.

Last month, a $1B stablecoin made its DeFi debut on Jupiter, with Smart Vaults making it tradeable from day one. Now, USDGO is expanding deeper into Jupiter Lend. Supply it to earn yield, or borrow against blue-chip collateral like SOL, JLP, and BTC. Trade it, earn on it, and borrow it, all from the same place. Everything that comes onchain, comes together on Jupiter