Boundary’s USBD aims to turn stablecoins into an on-chain “verifiable” dollar
The post Boundary’s USBD aims to turn stablecoins into an on-chain “verifiable” dollar appeared on BitcoinEthereumNews.com. Galaxy Ventures‑backed Boundary Labs is preparing to launch USBD, an over‑collateralized Ethereum stablecoin that swaps monthly attestations for continuous on‑chain verification of reserves and net asset value while pushing yield into a separate sUSBD token aimed at institutional risk‑takers. Summary Boundary raised 2 million dollars from Galaxy Ventures, First Block Capital, BlackWood and crypto funds to build USBD, an institutional‑grade stablecoin that makes reserves and NAV visible on‑chain in real time. USBD will be over‑collateralized on Ethereum and pay no yield; a separate sUSBD token will capture protocol earnings from delta‑neutral DeFi strategies, cleanly separating “cash‑like” settlement from risk‑bearing returns. Boundary Labs, a Galaxy Ventures–backed startup, is preparing to launch USBD, an institutional-grade stablecoin built around continuous on-c