Jupiter Partners With Bitwise to Launch Institutional-Grade Lending Market on Solana

Jupiter, a leading provider of digital assets and financial services, has announced a partnership with Bitwise, a prominent cryptocurrency investment firm, to develop an institutional-grade lending market on the Solana blockchain.

The new platform will enable institutions to lend USDe, a stablecoin pegged to the US dollar, providing a secure and reliable means for investors to access liquidity in the Solana ecosystem.

According to sources familiar with the matter, this partnership is expected to increase institutional investment in the Solana blockchain, which has seen significant growth in recent months.