Galaxy-Backed Boundary to Launch USDB with US Treasury Collateral
GLXY•Galaxy-backed Boundary will launch USDB, a multi-collateral stablecoin pegged 1:1 to the US dollar, on Ethereum, Optimism and Arbitrum. Reserves will include US Treasury bills and real-world assets under decentralized DAO governance for collateral management.
1. Launch Overview
Boundary, backed by Galaxy Digital, plans to issue USDB, a USD-pegged stablecoin designed for DeFi users on Ethereum, Optimism and Arbitrum. The launch targets improved capital efficiency and cross-chain liquidity within Galaxy’s broader crypto ecosystem.
2. Collateral Structure
USDB will maintain a multi-collateral reserve comprising US Treasury bills and approved real-world assets to secure its peg. Regular attestations and third-party audits are scheduled to ensure transparency of reserve holdings.
3. Governance and Market Impact
Control of USDB’s collateral parameters and protocol upgrades will shift to a decentralized DAO, with token holders voting on key decisions. This move could bolster Galaxy Digital’s revenue from stablecoin minting fees and strengthen its position in the expanding DeFi market.
