The dollar-backed token, USDCBL, will serve as collateral for onchain perps, with cash and Treasury reserves generating yield retained within the protocol.
The Decibel Foundation said it will introduce a protocol-native stablecoin, USDCBL, issued by Bridge, ahead of the February mainnet launch of its Aptos-based decentralized derivatives exchange.
According to an announcement shared with Cointelegraph on Thursday, the US dollar-denominated token will serve as collateral for onchain perpetual futures trading, allowing the platform to internalize reserve-related economics rather than rely on third-party stablecoin issuers.
Decibel, incubated by Aptos Labs, plans to launch in this month with a fully onchain perpetual futures venue using a single cross-margin account. The exchange said its December testnet attracted more than 650,000 unique accounts and exceeding 1 million daily trades, though those figures have not been independently verified.
