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 stablecoin USBD and its staked version, sUSBD, on the Ethereum mainnet in summer 2026. USBD will provide daily disclosures of reserve status, net asset value, and protocol data, and will employ an over-collateralized, market-neutral hedging strategy to reduce market volatility and directional risk. Boundary stated that the protocol does not use recursive leverage and maintains a market-neutral structure for its yield sources. (The Block)
Boundary Labs Completes $2M Pre-Seed Round for Ethereum Stablecoin Project
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Summary
Ethereum news: Boundary Labs has closed a $2 million Pre-Seed round led by Galaxy Ventures, with First Block Capital and BlackWood also participating. The firm plans to launch USBD and sUSBD on the Ethereum mainnet in summer 2026. USBD will publish daily reserve status, net asset value, and protocol data. The stablecoin will use over-collateralization and market-neutral hedging to reduce volatility. The protocol will avoid recursive leverage and maintain a market-neutral yield structure. This Ethereum ecosystem news highlights a new institutional-grade stablecoin project.
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