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.
USDC-0,02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)