Techub News reports that Decibel, a decentralized derivatives exchange incubated by Aptos Labs, announced that before its mainnet launch this month, it will introduce the protocol-native stablecoin USDCBL issued by Bridge. The stablecoin is designed to serve as collateral for on-chain perpetual contracts, with the proceeds from cash and U.S. Treasury reserves retained within the protocol.
Decibel stated that after onboarding, users need to deposit USDC and follow the process to exchange it for USDCBL for trading. The USDCBL reserve is supported by a mix of cash and short-term U.S. Treasuries, with the reserve earnings used for protocol development and ecosystem building, aiming to reduce reliance on trading fees and incentive programs.
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Techub News reports that Decibel, a decentralized derivatives exchange incubated by Aptos Labs, announced that before its mainnet launch this month, it will introduce the protocol-native stablecoin USDCBL issued by Bridge. The stablecoin is designed to serve as collateral for on-chain perpetual contracts, with the proceeds from cash and U.S. Treasury reserves retained within the protocol.
Decibel stated that after onboarding, users need to deposit USDC and follow the process to exchange it for USDCBL for trading. The USDCBL reserve is supported by a mix of cash and short-term U.S. Treasuries, with the reserve earnings used for protocol development and ecosystem building, aiming to reduce reliance on trading fees and incentive programs.