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Swap to or from SOL, USDC and other major tokens. USDC uses the PSM at peg when liquid; otherwise Jupiter fills through on-chain pools.
PUSD against SOL, USDC, USDT, the main liquid staking tokens and wrapped ETH and BTC. One side of every swap is PUSD; pick the other from the token list.
USDC↔PUSD goes through the on-chain PSM at 1:1 minus a small fee whenever the module has enough liquidity. Other tokens first route through USDC on Jupiter, then the PSM — or fall back to a full Jupiter path through Meteora and other venues if the PSM cannot fill the size.
The PSM takes 10 bps in USDC. Jupiter legs add pool and network fees. The quote shows the amount you receive and the route before you sign.
If the PSM cannot cover a redeem, the swap uses Jupiter and on-chain pools instead. The reserve panel still shows Meteora depth for market context.
PSM USDC sits in program vault accounts. Market pool USDC/PUSD sits in Meteora DLMM vaults. Your wallet signs every swap.
