usdcbl

According to CoinDesk, Decibel, a fully on-chain perpetual contract exchange incubated by Aptos Labs, has launched on the Aptos mainnet.The previous public testnet attracted over 700,000 independent accounts and 132,000 daily active users, with an average daily trading volume exceeding 1 million transactions. Before the mainnet launch, the pre-deposit activity promised over $58 million in funds, with about 40% coming from Ethereum and Solana users. Decibel adopts a centralized limit order book model, with order placement, matching, settlement, and risk management all executed on-chain. The protocol's default collateral is the US dollar stablecoin usDCBL issued by Bridge, a subsidiary of Stripe. Decibel plans to gradually increase spot markets, multi-collateral accounts, and tokenized real-world assets.

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.