A month after USDGO made its DeFi debut on Solana through trading liquidity, Jupiter has added a dedicated lending market for the stablecoin on Jupiter Lend. Users can now supply USDGO to earn yield or borrow it against their crypto collateral.

USDGO is issued by Anchorage Digital Bank and operated and distributed by Hong Kong-listed OSL Group. It is backed 1:1 by high-quality liquid assets, including US Treasuries, and is third-party audited.

The market is also integrated into Bitget Wallet's self-custodial app, which serves 100 million users.

The first phase, launched on October 12, brought USDGO trading liquidity through Jupiter Lend's Smart Vaults, powered by Fluid's Liquidity as a Service infrastructure. The new credit market is the second phase, as regulated stablecoin issuers push their tokens deeper into onchain lending.