Deployments · Open Issuance · platform by Bridge
Decibel usDCBL exchange stablecoinNew
A US dollar stablecoin issued by Bridge (Stripe's stablecoin company) for Decibel, a fully on-chain perpetuals and spot exchange on Aptos incubated by Aptos Labs. Announced in February 2026, it is meant to be the exchange's default collateral, held in traders' balances, so that the reserve income stays with the protocol and can lower trading fees; its use is so far limited to the exchange. About $29 million was in circulation in October 2026.
Live (limited) since 22 Oct 2026[1] — Launch date not found in a source opened; the date is when the register first saw it live (supply about $29m on Bridge's page). Used only inside one exchange. · Reviewed 17d ago
- Assets
- Jurisdictions
- United States
Participants
- BridgeIssuer, Platform provider[3][1]United States
- Decibel FoundationDistributor[3][4]Cayman Islands
- StripeInvestor[2]United States
Likely relevant regulation
- US federal banking agencies' framework for bank crypto-asset, stablecoin and tokenisation activitiesUnited States
- CFTC tokenised collateral and digital-asset margin framework (staff guidance and pilot programme)United States
- GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act)United States
Assets
Metrics
- ~$28.66mTokens in circulation · as of 22 Oct 2026 · on Aptos[1]Issuer's transparency page (circulating supply equals reserves).
Timeline
- Happened 22 Oct 2026 · Status change · recorded 22 Oct 2026Bridge's transparency page shows about $28.7 million of usDCBL in circulation on Aptos, so the register records it as live.[1]
- Happened 12 Feb 2026 · Announcement · recorded 22 Oct 2026The Decibel Foundation announces usDCBL, issued by Bridge through Open Issuance, as the default collateral for its exchange, with USDC deposits to be converted at mainnet.[3]
Sources
- [1]Open Issuance Transparency | Bridge — Bridge. Accessed 22 Oct 2026. Issuer's transparency page for Open Issuance stablecoins: contracts per chain, circulating supply and reserves, read 22 Oct 2026..B
- [2]Introducing Open Issuance from Bridge: A new platform to launch your own stablecoin — Stripe, 30 Sep 2025. Accessed 18 Oct 2026.B
- [3]Decibel Foundation Announces USDCBL Stablecoin Issued by Bridge, Redesigning DEX Economics for Onchain Trading — Decibel Foundation (Chainwire, via Investegate), 12 Feb 2026. Accessed 22 Oct 2026.B
- [4]What is Decibel? — Decibel. Accessed 22 Oct 2026. Trader docs: deposit USDC from six chains; USDC is the settlement and primary collateral asset; usDCBL not mentioned..B
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