Jupiter Exchange Announces Major Developments: PYUSD Integration and Upcoming Token Launches

• Jupiter Exchange integrates PayPal’s PYUSD, expanding digital asset offerings and enhancing transaction capabilities.
• CLOUD and DBR tokens launch on Jupiter’s LFG launchpad, with key votes on JUP token supply and ASR renewal upcoming.
• Roaring Kitty’s 6.6% stake in Chewy triggers a 34% stock rally, reflecting significant moves in the stock trading space.

Jupiter Exchange has announced the integration of PayPal’s new stablecoin, PYUSD, into its decentralized exchange (DEX) as of July 1. This development marks an expansion of Jupiter’s digital asset offerings and enhances the platform’s transaction capabilities.

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PYUSD Integration on Jupiter

With the integration of PYUSD, Jupiter users now have access to PayPal’s stablecoin across all payment platforms integrated with Jupiter, including Sphere Labs and Helio Pay. This addition aims to provide more options for transactions and potentially increase the platform’s user base and transaction volume. 

The collaboration between Jupiter and PayPal highlights a growing trend of traditional financial institutions entering the digital asset space, which could lead to further partnerships in the future.

Upcoming Token Launches and Votes

Jupiter Exchange also shared its plans for several events over the next two months. In mid-July, the CLOUD token from Sanctumso will be launched on Jupiter’s LFG launchpad. Additionally, the Jupiverse will conduct three critical votes, launch two new tokens, and reward Catdets.

July will feature the inaugural Active Staking Rewards (ASR) claim for those who voted on proposals from March to June. Before the end of the month, the first J4J vote will take place, focusing on reducing long-term emissions and the JUP token supply by 30%.

In August, Jupiter will hold a vote on the continuation of Jupuaries, where users receive a JUP airdrop for using Jupiter products. Following this, deBridgeFinance will launch its $DBR token on the LFG launchpad. The month will conclude with a vote on the renewal of ASR beyond the first two quarters.

Roaring Kitty’s Investment in Chewy

In other news, Roaring Kitty, also known as Keith Gill, disclosed his ownership of 9,001,000 shares of Chewy (CHWY), or 6.6% of the company, in an SEC 13G filing. According to the June 28 filing, Gill is listed as an individual investor who owns a sizeable portion of the pet supply company..

Gill, who previously gained fame for his involvement in the GameStop stock rally, has returned to the public eye after a three-year hiatus. His investment in Chewy led to a 34% rally in the stock, with his ownership valued at $245 million.These developments highlight movements within the digital asset and stock trading spaces, reflecting ongoing trends and investor interests.

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