PANews reported on February 13 that, according to Cointelegraph, Decibel, a decentralized derivatives exchange incubated by Aptos Labs, announced the launch of its protocol-native stablecoin USDCBL ahead of its mainnet launch this month. The token, issued by Bridge, is designed to serve as collateral for on-chain perpetual contracts and retain the yield generated from cash and U.S. Treasury reserves within the protocol.

Decibel stated that users will need to deposit USDC upon listing and then follow the process to exchange it for USDCBL for trading. USDCBL reserves are backed by a mix of cash and short-term U.S. Treasury bonds, and reserve yields will be used for protocol development and ecosystem building to reduce reliance on transaction fees and incentive programs. The foundation emphasized that this is not "issuing another stablecoin," but rather positioning USDCBL as core exchange infrastructure.