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Techub News, according to crypto.news, Aptos Foundation and Aptos Labs announced an investment of over $50 million for ecosystem development. The funds will be used to support trading, AI agents, research, and protocol infrastructure, with a focus on the Decibel trading platform and the Shelby data storage protocol. The initiative focuses on building on-chain infrastructure that supports autonomous trading by AI agents, leveraging fast settlement and low-cost advantages to achieve machine-speed trading. To date, Decibel's cumulative trading volume has exceeded $1 billion, and the market capitalization of stablecoins on the Aptos chain has grown nearly tenfold since the end of 2024, reaching a peak of $1.93 billion.
Techub News reported, according to Cointelegraph, Decibel, a decentralized derivatives exchange incubated by Aptos Labs, announced the launch of its protocol-native stablecoin USDCBL, issued by Bridge, ahead of its mainnet launch this month. This stablecoin is designed to serve as collateral for on-chain perpetual contracts, with the yield generated from its cash and U.S. Treasury reserves retained within the protocol. Decibel stated that after the launch, users will need to deposit USDC and follow the process to exchange it for USDCBL for trading. The USDCBL reserves are backed by a mix of cash and short-term U.S. Treasuries, and the reserve yield will be used for protocol development and ecosystem building to reduce reliance on trading fees and incentive programs.
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