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