Boundary Labs, a stablecoin startup, has raised $2 million in a pre-seed funding round led by Galaxy Ventures, with contributions from First Block Capital and BlackWood. The funds will support the launch of its institutional-grade stablecoin, USBD, on the Ethereum mainnet by early summer 2026.
USBD is designed to offer "on-chain continuous verifiability" of reserves and net asset value, providing daily system status reports. Unlike traditional stablecoins, USBD aims to operate as a trustless tool. The protocol will also introduce a staking token, sUSBD, enabling institutional participants to earn revenue through DeFi strategies, with proceeds used to build reserves and fund operations.
Boundary Labs Secures $2M Pre-Seed Funding for Verifiable Stablecoin Launch
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