A protocol-backed stablecoin called USDCBL is scheduled to launch in February, ahead of the full launch of the Aptos
The Decibel Foundation plans to use this new token as collateral on its upcoming on-chain perpetuals platform.
Users will transfer USDC
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Decibel shared in a post on X on February 12 that the reserves for USDCBL will consist of cash and short-term US Treasuries. Any yield generated by these holdings will remain within the protocol rather than be distributed to external parties.
The protocol explained that the goal is not to release just another stablecoin. Instead, USDCBL will serve as a central part of the exchange’s infrastructure.
Decibel, incubated by Aptos Labs, conducted a testnet in December 2025 that attracted over 650,000 unique participants and recorded more than 1 million trades per day, though those figures have yet to be independently verified.
Using USDCBL as internal collateral allows the exchange to avoid relying on external stablecoin issuers and maintain greater control over its economics. This setup also supports retaining income from reserves while offering a unified collateral model for trading on the platform.
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