Boundary Labs is a New York-based stablecoin protocol developer building USBD, an over-collateralized institutional stablecoin on Ethereum designed for daily onchain verification of reserves, net asset value, and protocol performance. The protocol targets asset managers, hedge funds, and family offices via a KYC/KYB-gated dApp, with a companion staking token, sUSBD, capturing yield from delta-neutral DeFi strategies.