Stablecoin Company Boundary to Launch Verifiable Institutional Stablecoin USBD

On May 12, Boundary Labs, a stablecoin startup backed by Galaxy Ventures, announced its plans to launch the institutional stablecoin USBD, having completed a $2 million seed funding round. This funding round also attracted participation from institutions such as First Block Capital and BlackWood. Boundary Labs was founded by Matthew Mezger, a former executive at Deutsche Bank and Digital Currency Group. USBD will be deployed on the Ethereum network, emphasizing the concept of ‘verifiable stablecoins’ by continuously validating reserves, net asset value (NAV), and protocol operational status on-chain, aiming to reduce the reliance of traditional stablecoins on off-chain audits and trust mechanisms. The project team stated that USBD is designed with over-collateralization and hedging strategies to mitigate market volatility risks, shifting the stablecoin infrastructure from a ‘trust-driven’ model to a ‘verifiable financial system.’ Additionally, Boundary plans to launch a staking token, sUSBD, to allocate protocol earnings under a delta-neutral DeFi strategy, although USBD itself will not offer yield functionality. The team indicated that the protocol primarily targets asset management firms, hedge funds, and family offices, with plans to officially launch the mainnet in early summer 2026.