Solana news: Jupiter Partners with Bitwise to Launch Institutional-Grade USDe Lending Market on Solana

Jupiter and Bitwise Collaborate on Solana Lending Market

Jupiter, a leading Solana infrastructure provider, has partnered with Bitwise to curate a dedicated and isolated lending market for USDe on Jupiter Lend. This marks the first instance of an institutional asset manager curating a market on the platform.

Isolated Market Structure

The new USDe lending market is separated from Jupiter Lend’s existing liquidity layer. This isolation is designed to minimize risk, particularly for institutional capital. The initiative also involves the decentralized Fluid protocol, which will provide lending and collateral infrastructure support.

Institutional-Grade Features

According to Bitwise Head of DeFi Strategies, Jonathan Man, the infrastructure built by Jupiter and Fluid offers deep liquidity and risk-mitigating features. These characteristics make the USDe market suitable for institutional and DeFi adoption.

USDe: Growth and Challenges

USDe, a synthetic stablecoin-like asset, was launched in early 2024 and became the third-largest stablecoin by mid-2025. However, it has since declined in ranking due to decoupling risks highlighted during the crypto market downturn in October 2025.

Outlook for Institutional Adoption

Guy Young, CEO of USDe issuer Ethena Labs, stated that the collaboration combines advanced lending infrastructure with asset management expertise. The result is an efficient USDe market aimed at both DeFi users and institutional investors.