TechFlow News, May 12: According to The Block, stablecoin startup Boundary Labs has raised $2 million in a pre-seed funding round led by Galaxy Ventures, with participation from First Block Capital, BlackWood, and others. The company plans to launch its institutional-focused stablecoin USBD—and its staking token sUSBD—on the Ethereum mainnet in early summer 2026. USBD emphasizes on-chain, continuous verification of reserves, net asset value (NAV), and protocol performance, utilizing an over-collateralized and delta-neutral hedging design. Boundary Labs states that its target clients include asset management firms, hedge funds, and family offices, and that protocol access will be provided via a dedicated application incorporating KYC and KYB processes.
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