Quick Facts:
1⃣ Jupiter, the largest DEX aggregator on the Solana network, is launching its own stablecoin, $JupUSD.
2⃣The stablecoin will increase demand for $SOL as it will be needed for transaction fees.
3⃣ Wider market factors could also help push $SOL further and bring attention to projects like Snorter Token.
Great news for Solana fans! The largest DEX aggregator on the network, Jupiter, is launching its own stablecoin called $JupUSD .
By using its own stablecoin, Jupiter will require $SOL to be used for transaction fees, which creates a new source of demand for the token. With Jupiter already handling almost $20B in trading volume last month, you can see how much potential $JupUSD has.
The move could bring billions of dollars into the Solana ecosystem, significantly boosting