Boundary Labs, a stablecoin infrastructure startup, has announced the completion of a $2 million Pre-Seed round led by Galaxy Ventures, with participation from First Block Capital, BlackWood, and others, as it plans to launch its institutional-grade stablecoin on the main ethereum network in the summer of 2026. USBD and its pledged version, sUSBD, are described as supporting daily on-chain disclosure of reserve status, net asset value (NAV), and protocol operational data, as well as employing overcollateralization and Delta Neutral hedging strategies to mitigate market volatility and directional risk. boundary emphasizes that its protocol does not use recursive leverage and requires that all revenue sources maintain a Delta Neutral structure. Boundary emphasizes that its protocols do not use recursive leverage and requires all revenue streams to maintain a Delta Neutral structure. （The Block)