Aptos DEX Decibel To Launch USDCBL Stablecoin This Month


Decibel Foundation will introduce a protocol-native #stablecoin called USDCBL ahead of its February mainnet launch on the Aptos blockchain. The dollar-backed #token will serve as collateral for on-chain perpetual futures trading, allowing the platform to capture reserve-related economics internally.


Bridge will issue #USDCBL through its Open Issuance platform, which enables projects to create regulated stablecoins with integrated on-ramps and off-ramps. Stripe acquired Bridge in late 2025 as stablecoin infrastructure gained traction across cryptocurrency markets.


Users will deposit $USDC and convert it to USDCBL during onboarding when the exchange launches later this month. Decibel's December testnet reportedly attracted over 650,000 unique accounts and exceeded 1 million daily trades according to the foundation, though these figures have not been independently verified.


The Aptos Labs-incubated exchange will offer fully on-chain perpetual futures using a single cross-margin account. USDCBL reserves will be backed by cash and short-term U.S. Treasurys, with yield from those #assets retained within the protocol rather than distributed to external issuers.


Decibel stated Thursday that capturing reserve income could reduce dependence on trading fees or incentive programs as primary revenue sources. The foundation described USDCBL as core exchange infrastructure rather than a standalone retail token for broader circulation.


The approach mirrors strategies from other platforms seeking to internalize stablecoin economics. #Hyperliquid launched its native stablecoin USDH in September after a fierce bidding war for issuance rights, using the dollar-pegged token as collateral across its Ethereum-compatible execution layer.

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February 13, 2026 at 2:12 PM
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