Overview
- Boundary Labs, which announced a $2 million pre-seed Monday, plans an Ethereum mainnet launch for USBD in early summer 2026.
- USBD will be over-collateralized with continuous on-chain reporting of reserves and net asset value so users can verify backing in real time.
- Access will be restricted to qualified institutions through a dedicated app that enforces Know Your Customer and Know Your Business checks.
- Holders of USBD will earn no interest, while a separate sUSBD token for eligible users will capture protocol income from delta-neutral DeFi strategies.
- The team completed a Cyfrin security audit and is preparing a private placement to onboard initial partners with a $100 million TVL goal for 2026.