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Crypto

Aptos to invest $50 million to expand AI-based financial infrastructure

Layer 1 blockchain Aptos said on May 7 it will carry out a $50 million co-investment as part of efforts to expand artificial intelligence-based financial infrastructure. The Aptos Foundation and Aptos Labs said they will continue developing an in-house financial platform and conducting technical research. They also plan to consider investments in companies in AI and institutional-grade asset management. The investment will cover trading infrastructure and AI, spanning existing and future investment plans.

Crypto

Decibel launches protocol stablecoin ahead of mainnet release

Aptos-based DeFi project Decibel has unveiled its own stablecoin, USDCBL, ahead of a planned mainnet launch in February, Cointelegraph reported on Wednesday. USDCBL is intended to be used as collateral for on-chain derivatives trading. Decibel aims to reduce reliance on external stablecoins and strengthen the protocol’s internal economy. Users can convert deposited USDC into USDCBL. The stablecoin is issued via a bridge-open issuance platform and backed by cash and U.S. short-term Treasury securities.