Stablecoin startup Boundary Labs completes $2 million pre-seed funding round, led by Galaxy Ventures

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BlockBeats News, May 12 — Stablecoin startup Boundary Labs announced the completion of a $2 million Pre-Seed round. The round was led by Galaxy Ventures, with participation from First Block Capital and BlackWood. This round was completed in the form of a Simple Agreement for Future Equity (SAFE) combined with token warrants.

Boundary plans to launch the institutional stablecoin USBD on the Ethereum mainnet in early summer 2026. Its core feature is “on-chain continuously verifiable.” It provides daily on-chain reports on reserves, net asset value, and protocol performance, including over-collateralization levels and real-time NAV calculations, and uses over-collateralization and delta-neutral hedging to mitigate market-direction risk and volatility.

Boundary co-founder and CEO Matthew Mezger (former Deutsche Bank and DCG executive) said that USBD is intended to drive stablecoins to shift from “trust-based” to “trustless” tools.

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