Solana Lending Platform Jupiter Adds USDGO Lending Market

TechFlow reported on November 12, citing CoinDesk, that Solana trading and lending platform Jupiter has added a USDGO lending market, allowing users to earn interest by lending the stablecoin or borrow USDGO by collateralizing crypto assets.

The report cited Jupiter as saying that the active loan volume of its lending protocol Jupiter Lend exceeds 1 billion USD. USDGO is issued by Anchorage Digital Bank, with OSL Group serving as operator and distributor, and its reserves include U.S. Treasuries.

The OSL platform offers USDGO yield linked to the federal funds rate only to professional investors; the Jupiter market allows other holders to earn on-chain yield, with rates determined by borrowing demand. Bitget Wallet has also integrated with the lending market.

Source: TechFlow