Boundary Labs Secures $2M for Institutional-Grade Stablecoin USBD

BTCC / BTCC Square / Global Cryptocurrency /

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2026-05-12 09:11:01

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Boundary Labs announced a $2 million pre-seed funding round led by Galaxy Ventures, with participation from First Block Capital and BlackWood, to develop USBD—an on-chain verifiable stablecoin targeting institutional investors. The project, spearheaded by ex-Deutsche Bank executive Matthew Mezger, distinguishes itself from trust-based stablecoins like USDT and USDC by offering continuous reserve verification.

USBD will be restricted to verified institutional users (asset managers, hedge funds, family offices) through KYC/KYB checks. While the base token won't yield interest, Boundary plans to offer sUSBD, a staked variant distributing protocol income to qualified holders. The firm aims for $100 million in total value locked via a private placement campaign this year.

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