TechFlow News, March 18 — According to CoinDesk, stablecoin protocol Level has raised a new round of funding to expand its yield-bearing stablecoin lvlUSD. Peregrine Exploration, the company behind Level, secured $2.4 million in funding led by early backer Dragonfly Capital, with participation from Polychain.
New investors include Flowdesk, Echo syndicates Native Crypto, Feisty Collective by Path, and angel investors Sam Kazemian of Frax and Albert Chon of Injective. This round follows a $3.6 million raise in August last year, bringing Level's total venture funding to $6 million.
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