JupUSD is Jupiter's Solana dollar stablecoin, targeting 90% USDtb and 10% USDC reserves; direct minting and redemption require KYC/KYB onboarding. The static profile records its US Dollar peg mechanism as: Whitelisted KYC/KYB participants mint and redeem against USDC or USDtb through the Solana program at 1:1 before a 0.04% fee; market-maker arbitrage and an automated peg bot support secondary-market stability.

As of Oct 24, 2026, Pharos grades JUPUSD B (74/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and direct redemption is limited to whitelisted primary-market participants. That grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.

Pharos records JUPUSD's reserves as of Jul 14, 2026 as 88.5% USDtb and 11.5% USDC. Reserve evidence: Real-Time PoR by JupUSD transparency page. Pharos classifies the backing as Real-World Asset Backed.

Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.

Under the route Pharos reviewed on Mar 23, 2026, whitelisted primary-market participants can redeem JUPUSD for USDC. Redemption settles atomically on-chain. The reviewed redemption fee is 0.04%. Whether a given holder qualifies is set by the route's own terms, not by this summary.