Galaxy-backed Boundary to launch ‘verifiable’ institutional stablecoin USBD
The Block
Boundary Labs raised $2 million led by Galaxy Ventures to launch USBD, a verifiable stablecoin for institutional users, in summer 2026.Summary
Boundary Labs has secured $2 million in pre-seed funding led by Galaxy Ventures to develop USBD, an institutional-grade stablecoin. Designed for asset managers and hedge funds, the protocol aims to shift stablecoin usage from trust-based offchain reporting to daily onchain verification of reserves and net asset values. USBD will utilize delta-neutral hedging to mitigate market volatility, with a companion yield-bearing token, sUSBD, expected to launch on the Ethereum mainnet in early summer 2026.
(Source：The Block)