The USBD cryptocurrency is aimed at financial institutions.
Boundary, the stablecoin issuing company, will offer continuous verification of its reserves.
The company Boundary announced today, May 11, 2026, the closing of a pre-seed financing round for $2 million for the launch of its USBD stablecoin. This new token will operate on the Ethereum network and is primarily backed by the investment company, Galaxy Ventures.
Venture capital firms BlackWood and FirstBlock Capital also participated in the operation, along with other institutional financial partners, Boundary reported. This stablecoin will focus in institutional participants that require a real-time audit system.
Boundary’s proposal arises in response to the transparency limitations in current stablecoin models. «Without real verification, there is no real trust. This is essential for the security, stability and scalability of the sector,” the company argued. According to his analysis, The current environment forces institutions to rely on the issuer’s statements without being able to verify the supporting assets.
To resolve this conflict, the protocol ensures that it will allow continuous verification on the network of its reserves and its performance.
This system, the company promises, would prevent institutions from relying solely on external reports that can take weeks to be published. “The current stablecoin landscape often forces institutions to rely on trust rather than working with verifiable products and reserves,” the firm stated.
But, it is worth clarifying that the press release It does not describe how this auditability will be done or why the data provided by them should be trusted.
The entry of new users to the ecosystem will be restricted through a decentralized application (dApp) with controlled access. “Access will be facilitated through a dedicated dApp, designed for rigorous KYC and KYB workflows,” the company explained. These processes, known in Spanish as “know your client” and “know your business,” are a series of regulatory requirements that are applied globally to financial companies to facilitate customer identificationas explained by Criptopedia, the educational section of CriptoNoticias.
Finally, Matthew Mezger, co-founder of Boundary, highlighted that this professional infrastructure is key to long-term growth. With the support of Galaxy, the company projects that the stablecoin will reach $100 million in capitalization in 2026 (which, based on current values, would place it within the top 10 stablecoins backed by fiat money).
As seen in the image above, currently the number 10 position of stablecoins backed by fiat money is occupied by Gemini Dollar (GUSD) whose market capitalization is 40 million dollars.