Boundary Labs Introduces USBD: Real-Time On-Chain Reserve Verification for Ethereum Stablecoins
Boundary Labs, supported by Galaxy Ventures, is launching USBD, an Ethereum-based stablecoin featuring real-time on-chain reserve verification instead of periodic attestations. The protocol separates stability functions from yield generation through sUSBD, targeting institutional participants seeking transparent collateral backing within decentralized finance.
Ripple Secures $200 Million Credit Facility to Boost Institutional Crypto Prime Brokerage Operations
Ripple secures a $200 million credit facility from Neuberger Berman to expand its institutional prime brokerage operations. The capital deployment enables enhanced margin lending, consolidated cross-asset trading, and sophisticated services for institutional clients navigating both cryptocurrency and traditional markets. This development underscores accelerating institutional adoption of blockchain technology and digital assets.
Payward Eyes $20B Valuation in Major Capital Push Before IPO Launch
Payward, parent company of Kraken cryptocurrency exchange, is pursuing a major fundraising round at a $20 billion valuation while strategically acquiring derivatives and stablecoin platforms. The capital infusion supports the organization’s roadmap toward a highly anticipated initial public offering that could reshape how traditional finance views cryptocurrency exchange operators.
