Level Secures $2.6 Million in Funding on March 18, 2025

According to media reports, Level completed a $2.6 million funding round on March 18, 2025. The round saw participation from Dragonfly, Polychain, Flowdesk, Wagmi Ventures, Wonderstruck, Aegis Finance, Aegis Ventures, GD1 Crypto, TPC Ventures, and Blockchain Founders Capital. Following this round, Level’s total cumulative funding reached $6.2 million.Level is a stablecoin protocol backed by USD-denominated tokens such as USDT and USDC. Its flagship product, Level USD (lvlUSD), is a yield-bearing cross-chain dollar token supported 1:1 by re-staked stablecoins. Through its innovative re-staking mechanism, the project offers users a more liquid and yield-generating stablecoin solution, positioning itself to play a significant role in the DeFi sector.It is notable that Level previously completed a $3.6 million funding round in August 2024. However, based on available information, the project is scheduled to cease operations in September 2025. This trajectory underscores the rapid evolution of the cryptocurrency industry and highlights the importance for investors to closely monitor project developments and carefully assess investment risks.