Crypto
Boundary raises $2 million pre-seed, prepares institutional stablecoin USBD
Boundary Labs has raised $2 million in a pre-seed round and is accelerating preparations to launch its institutional stablecoin, USBD. The Block reported that Galaxy Ventures led the round, with participation from First Block Capital and Blackwood, among others. The company is designing USBD to enable continuous on-chain verification of reserves, net asset value and protocol performance. It also plans a dedicated app with KYC and business verification.
