Boundary Labs Raises $2M for USBD Stablecoin

Boundary Labs, a cryptocurrency startup, has raised $2 million in a pre-seed funding round led by Galaxy Ventures to develop USBD, an institutional-grade stablecoin set for launch on the Ethereum mainnet in early summer 2026.

The funding round, which included participation from First Block Capital, BlackWood and other crypto-focused investors, was structured as a simple agreement for future equity with token warrants. Boundary Labs did not disclose its valuation, and no investors received board, advisory or observer seats, according to the company. The capital will support protocol development and a private placement campaign to onboard early institutional users, with a target of reaching $100 million in total value locked during 2026.

USBD is designed exclusively for professional investors such as asset managers, hedge funds and family offices. Access will require know-your-customer and know-your-business verification through a dedicated application. The stablecoin emphasizes continuous onchain verification of reserves, net asset value and protocol performance, moving beyond the monthly offchain attestations common in the industry.

Boundary Labs stated that USBD will be...