Decibel, incubated by Aptos, launches the protocol-native stablecoin USDCBL before the mainnet goes live

According to market news, the decentralized derivatives exchange Decibel, incubated by Aptos Labs, announced the launch of its protocol-native stablecoin USDCBL before its mainnet goes live this month. This token is issued by Bridge and aims to serve as collateral for on-chain perpetual contracts, retaining the earnings generated from cash and U.S. Treasury reserves within the protocol.

Decibel stated that users will need to deposit USDC and exchange it for USDCBL for trading after the launch. The USDCBL reserves are supported by a mix of cash and short-term U.S. Treasury bonds, and the reserve earnings will be used for protocol development and ecosystem building, reducing reliance on trading fees and incentive programs. The foundation emphasized that this move is not "issuing another stablecoin," but positioning USDCBL as a core exchange infrastructure.