Overview
- Boundary Labs announced a $2 million pre-seed led by Galaxy Ventures on Monday to accelerate its USBD stablecoin, with FirstBlock Capital and BlackWood joining the round.
- USBD is designed for continuous on-chain checks of reserves and net asset value, replacing periodic off-chain attestations that arrive in monthly reports.
- The protocol separates roles so USBD pays no yield while a staked token called sUSBD receives protocol income from delta-neutral strategies that avoid market direction and bar recursive leverage.
- Access will be limited to approved institutions through a dedicated onboarding app with KYC and KYB, and the team completed a Cyfrin security audit ahead of a private placement push.
- Boundary targets an early-summer 2026 launch on Ethereum and a 2026 total value locked goal of $100 million, pitching use in treasury management, tokenized funds and on-chain collateral for asset managers, hedge funds and family offices.