Aptos-based Decibel to launch protocol-native stablecoin

Decibel, an Aptos-based on-chain trading engine, is launching its protocol-native stablecoin, USDCBL, Cointelegraph reported. The stablecoin will be used as collateral for on-chain perpetual futures. Its reserves will consist of cash and short-term U.S. Treasury bonds, with any revenue generated from these assets going to the protocol. Meanwhile, Decibel plans to launch its mainnet this month.