The Decibel Foundation will launch a protocol-native stablecoin, USDCBL, ahead of the February mainnet debut of its Aptos-based decentralised derivatives exchange.
USDCBL, issued by Bridge via its Open Issuance platform, will function as collateral for onchain perpetual futures, allowing the exchange to internalise reserve economics instead of relying on third-party stablecoin issuers.
“This is not about launching another stablecoin,”
The foundation said, describing USDCBL as core exchange infrastructure rather than a standalone retail token.
At launch, users will deposit USD Coin and convert it into USDCBL, with reserves backed by a mix of cash and short-term US Treasurys.
Yield generated from those reserves will be retained within the protocol, potentially reducing dependence on trading fees and enabling reinvestment into development and ecosystem growth.
Decibel, incubated by Aptos Labs, said its December testnet drew more than 650,000 unique accounts and over one million daily trades, although those figures have not been independently verified.
The move reflects a broader industry shift toward ecosystem-native stablecoins, as platforms across crypto and traditional finance seek greater control over settlement flows and collateral management within their own networks.
At the time of reporting, Aptos price was $0.9083.