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Boundary Labs completes $2 million pre-seed funding, plans to launch institutional stablecoin USBD
Wu said that Galaxy Ventures led the initial funding round for the stablecoin startup Boundary Labs, which completed a $2 million pre-seed financing, with participating investors including First Block Capital and BlackWood. The company plans to launch the institutional stablecoin USBD on Ethereum in early summer 2026, positioning it as a stablecoin capable of sustainable on-chain reserves and net asset value (NAV) verification. Boundary stated that USBD itself does not generate yield; eligible institutional users can earn protocol revenue by staking the sUSBD token, with related income mainly coming from funding rates and basis arbitrage through delta-neutral DeFi strategies. (The Block)