ABC Labs, of Reserve Protocol fame, announces SQUILL acquisition in advance of the Q4 OPEN Stablecoin Index rebalance

Reserve Protocol said ABC Labs acquired SQUILL, the MIT Lincoln Laboratory superconducting-qubit foundry, as part of governance preparation for the next phase of the Open Stable Index. The announcement was posted by Reserve on X and framed the purchase as giving ABC Labs more influence over the index’s future direction. The key context is that SQUILL is not a crypto asset but a quantum-research fabrication program run by MIT Lincoln Laboratory for the LQC Qubit Collaboratory, a U.S.-government-funded initiative that provides access to superconducting qubit manufacturing for approved research projects. The story matters because it links Reserve’s governance structure to a real-world institutional asset, highlighting how the protocol is using token or index ownership to manage and steer the Open Stable Index’s “next chapter.”

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