Jupiter has activated a dedicated lending market for USDGO, the US dollar stablecoin issued by Anchorage Digital Bank and distributed by OSL Group, expanding the asset's role in Solana's decentralized credit infrastructure.
The launch, announced Thursday, November 12, lets users supply USDGO for on-chain yield or borrow it against crypto collateral including SOL, JLP, and BTC. It follows the token's debut as a Jupiter Lend automated market maker pool on October 12 and its initial Solana launch in February 2026.
Anchorage Digital Bank first introduced USDGO in December 2025 for cross-border payments, treasury operations, and on-chain settlement. Initial Solana supply was about 50 million tokens. By October, on-chain supply had reached roughly 1.27 billion, while Jupiter's latest statement put the figure near 1.1 billion. The supply is concentrated across a few hundred wallets, consistent with enterprise treasury usage.
Jupiter Lend now provides USDGO with a borrowing and lending venue inside a protocol that has surpassed 1 billion dollars in active loans, with variable rates set by real-time demand. Jupiter COO Kash Dhanda said the integration shows how users can swap the asset, supply it as liquidity, or borrow against it on one platform.
Bitget Wallet has also enabled direct access to the market from its self-custodial app. Bitget Wallet COO Alvin Kan framed the move as giving users a way to put digital dollars to work while keeping self-custody central. Although OSL restricts its Federal Reserve-linked yield to institutional investors, Jupiter's market opens the credit use case to a wider DeFi audience.
Earlier reporting ranked USDGO as Solana's second-largest alternative stablecoin, behind World Liberty Financial's USD1, after passing 1 billion dollars in supply within five months of launch.
