Level Completes Acquisition Exit on September 26, 2025, With Total Funding Reaching $6.2 Million

According to media reports, Level completed an acquisition transaction on September 26, 2025, marking a significant milestone for the stablecoin protocol project. Level’s cumulative funding reached $6.2 million.Level is a stablecoin protocol based on re-collateralized USD tokens such as USDT and USDC. Level USD (lvlUSD) is a liquidity re-collateralized USD token—a yield-bearing cross-chain dollar asset backed 1:1 by re-collateralized stablecoins. The project leverages an innovative tokenomics model to provide users with solutions that maintain USD stability while generating yield.Since its inception, Level has undergone several funding rounds. On August 29, 2024, Level completed a $3.6 million financing round; on March 18, 2025, the project raised an additional $2.6 million. However, the project faced challenges during its development. On August 15, 2025, Level’s official X account was reportedly compromised. Ultimately, on September 26, 2025, Level announced its closure and acquisition exit.This acquisition reflects the ongoing trend of market consolidation within the stablecoin sector and the project’s strategic adjustments amid intense competition.