ChainCatcher report, according to The Block, the 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 (NAV), and protocol performance, providing daily system status reports that include overcollateralization levels and real-time NAV calculations—aiming to transform stablecoins from trust-based models into trustless tools. 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.
Stablecoin startup Boundary Labs closes $2M pre-seed round led by Galaxy Ventures
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Summary
Stablecoin startup Boundary Labs has closed a $2 million Pre-Seed round led by Galaxy Ventures, with First Block Capital and BlackWood also participating. The company plans to launch its institutional-grade stablecoin, USBD, on Ethereum in early summer 2026. USBD will provide daily system status reports and real-time NAV calculations to support institutional adoption. The protocol will also issue staking tokens, sUSBD, enabling eligible institutional participants to earn income through DeFi strategies.
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