A protocol-backed stablecoin known as USDCBL is scheduled to launch in February, forward of the total launch of the Aptos
$0.9463
-based derivatives alternate backed by Aptos Labs.
The Decibel Basis plans to make use of this new token as collateral on its upcoming on-chain perpetuals platform.
Customers will switch USDC
$1.00
into the alternate and convert it into USDCBL throughout onboarding. The token will likely be issued by way of Bridge’s Open Issuance platform.
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Decibel shared in a put up on X on February 12 that the reserves for USDCBL will consist of money and short-term US Treasuries. Any yield generated by these holdings will stay inside the protocol fairly than be distributed to exterior events.
The protocol defined that the purpose is to not launch simply one other stablecoin. As a substitute, USDCBL will function a central a part of the alternate’s infrastructure.
Decibel, incubated by Aptos Labs, performed a testnet in December 2025 that attracted over 650,000 distinctive members and recorded greater than 1 million trades per day, although these figures have but to be independently verified.
Utilizing USDCBL as inside collateral permits the alternate to keep away from counting on exterior stablecoin issuers and preserve higher management over its economics. This setup additionally helps retaining revenue from reserves whereas providing a unified collateral mannequin for buying and selling on the platform.
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