Paradigm-backed lending protocol 3Jane officially launches

3Jane, an unsecured credit lending protocol backed by Paradigm, has officially launched, the project announced via social media. Users can mint the stablecoin USD3 and participate in liquidity mining to earn JANE tokens as rewards. According to the announcement, USD3 is a credit-based, interest-bearing stablecoin with a supply cap of $50 million, while sUSD3 is a collateralized version of USD3 with leveraged exposure. The governance token, JANE, has a variable total supply, with the final amount to be determined in 2026, estimated between 1.111 billion and 6.666 billion tokens. Currently, 100% of issued JANE tokens are allocated to liquidity providers (LPs) and can be claimed after a seven-day vesting period.