BlockBeats News, May 12th, Stablecoin startup Boundary Labs, led by Galaxy Ventures under Galaxy Digital, announced the preparation to launch the institution-oriented stablecoin USBD and successfully completed a $2 million seed funding round.

According to the introduction, this funding round also attracted participation from institutions such as First Block Capital and BlackWood. Boundary Labs was founded by former Deutsche Bank and Digital Currency Group executive Matthew Mezger.

USBD will be deployed on the Ethereum network, focusing on the concept of a "verifiable stablecoin," aiming to reduce the traditional stablecoin's reliance on off-chain audits and trust mechanisms through continuous on-chain verification of reserve holdings, Net Asset Value (NAV), and protocol operation status.

The project team stated that USBD is designed with over-collateralization and hedging strategies to reduce market volatility risks and shift stablecoin infrastructure from being "trust-driven" to a "verifiable financial system."

In addition, Boundary also plans to launch the staking token sUSBD to allocate protocol rewards in a Delta-neutral DeFi strategy, but USBD itself does not provide yield functions.
The team stated that the protocol is mainly targeted at asset management firms, hedge funds, and family offices, and plans to officially launch the mainnet in early summer 2026.