Huo Xing Finance reports, according to The Block, that stablecoin startup Boundary Labs has completed a $2 million Pre-Seed round led by Galaxy Ventures, with participation from First Block Capital, BlackWood, and others. The company plans to launch its institutional-grade “verifiable” stablecoin, USBD, on the Ethereum mainnet in early summer 2026. Matthew Mezger, co-founder and CEO of Boundary, stated that USBD is designed around “on-chain continuous verifiability” of reserves, net asset value, and protocol performance, providing daily system status reports including over-collateralization levels and real-time NAV calculations, aiming to transition stablecoins from a trust-based model to a trustless tool. USBD itself does not yield interest, but the protocol will issue a separate staking token, sUSBD, allowing qualified institutional participants to earn protocol revenue through neutral hedging DeFi strategies. Protocol revenue will be used to build treasury reserves, fund operations, and distribute yields to sUSBD stakers via an on-chain allocation system.
Boundary Completes $2M Pre-Seed Round Led by Galaxy, Plans to Launch Institutional Stablecoin USBD on Ethereum
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Summary
Institutional adoption is gaining momentum as stablecoin startup Boundary Labs completes a $2 million Pre-Seed round led by Galaxy Ventures, with participation from First Block Capital and BlackWood. The company plans to launch its institutional-grade "verifiable" stablecoin, USBD, on the Ethereum mainnet in early summer 2026. USBD will provide daily system status reports, including over-collateralization metrics and real-time net asset value (NAV). While the stablecoin itself will not generate interest, the protocol will issue a staking token, sUSBD, allowing eligible institutional participants to earn revenue. Protocol funds will be used to build a reserve, cover operational costs, and distribute rewards on-chain. This development aligns with the growing momentum around institutional-grade DeFi tools on Ethereum.
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