Decibel, an on-chain trading engine co-incubated by Aptos Labs and built on Aptos, announced a partnership with Bridge, a stablecoin infrastructure company under Stripe, to launch its protocol-native USD stablecoin, USDCBL. This stablecoin will serve as Decibel's default collateral asset, unifying the collateral trading process. USDCBL is issued through Bridge's Open Issuance platform and is backed by USD reserves. After Decibel's mainnet launch, users can convert USDC deposited into USDCBL. Decibel currently offers pre-deposit functionality. Initially, on-chain perpetual contract trading will be supported, with plans to launch spot and RWA trading features later.
Decibel, an on-chain transaction engine based on Aptos, has partnered with Bridge to launch the native stablecoin USDCBL.
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