Key Notes
- Jupiter announced a $35 million investment from ParaFi Capital, with the deal to be settled entirely in JupUSD.
- JupUSD currently has a market cap of approximately $38.7 million, which means this deal would nearly double its supply.
- JUP trades at approximately $0.19, down roughly 91% from its January 2024 all-time high of $2.00.
Jupiter
JUP
$0.18
24h volatility:
1.3%
Market cap:
$598.29 M
Vol. 24h:
$60.94 M
, a Solana-based
SOL
$101.9
24h volatility:
3.5%
Market cap:
$57.60 B
Vol. 24h:
$8.81 B
decentralized exchange aggregator, announced on Feb. 2 a $35 million investment in its JUP token from ParaFi Capital. The deal will be settled entirely in JupUSD, Jupiter’s stablecoin.
According to Jupiter’s announcement, the deal closed at current market price with ParaFi committing to an extended token lockup.
Jupiter did not disclose the specific lockup duration. ParaFi Capital had not issued a public statement confirming the investment at the time of publication.
JupUSD to Settle $35M Transaction
JupUSD launched in January 2026 and will be used to settle the entire $35 million transaction. The stablecoin currently has a market cap of approximately $38.7 million, according to rwa.xyz data.
The deal nearly doubles JupUSD’s circulating supply.
JupUSD is backed primarily by USDtb, a stablecoin with approximately $859 million in circulation that is collateralized by BlackRock’s BUIDL tokenized treasury fund.
Jupiter developed JupUSD in partnership with Ethena Labs. ParaFi is also an existing investor in Ethena
ENA
$0.14
24h volatility:
3.0%
Market cap:
$1.08 B
Vol. 24h:
$206.35 M
.
ParaFi Capital manages approximately $1.4 billion in assets and was founded in 2018.
The firm’s portfolio includes multiple Solana
SOL
$101.9
24h volatility:
3.5%
Market cap:
$57.60 B
Vol. 24h:
$8.81 B
ecosystem investments such as SOL Strategies, Kamino, and Metaplex.
In January 2025, ParaFi invested CAD $27.5 million in Sol Strategies, a company focused on Solana network infrastructure.
Ryan Navi, Managing Director at ParaFi Capital, described that investment as supporting Sol Strategies’ mission to build critical infrastructure for the Solana network.
Jupiter’s Market Position
JUP/USD 15-minute chart showing price action on Feb. 1-2, 2026. The token traded between $0.17 and $0.19 over the period, with a recent price at $0.1873. | Source: GeckoTerminal/Meteora
Jupiter processes over 90% of aggregator volume on Solana. The platform announced in June 2025 that cumulative trading volume had surpassed $1 trillion.
Coinbase integrated Jupiter’s trading technology in January 2026.
JUP trades at approximately $0.19 with a market cap of $596.6 million. The token is down roughly 91% from its all-time high of $2.00 reached in January 2024.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
As a Web3 marketing strategist and former CMO of DuckDAO, Zoran Spirkovski translates complex crypto concepts into compelling narratives that drive growth. With a background in crypto journalism, he excels in developing go-to-market strategies for DeFi, L2, and GameFi projects.
Zoran Spirkovski on X
Source: https://www.coinspeaker.com/jupiter-announces-35m-parafi-investment-deal-to-settle-in-jupusd/
